A new UN report forecasts that the Arab region is seeing a gradual economic recovery despite continuing geopolitical uncertainties.
The UN Economic and Social Commission for Western Asia, or ESCWA, reported that regional growth is projected to pick up from 2.9 per cent last year to 3.7 per cent in 2026.
That compares well with global averages and pre-pandemic growth of around 3.2 per cent.
The UN body noted that this positive outlook for Arab nations should also coincide with falling inflation, which is expected to reach 5.4 per cent next year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.