World Bank Predicts Double-Digit Food Inflation in MENA This Year ...Egypt

A woman shops at a vegetable market in Cairo, Egypt. Photo Credit | Reuters/Mohamed Abd El Ghany According to the most recent economic update from the World Bank, economies in the Middle East and North Africa (MENA) are predicted to grow more slowly in 2023 as pressure from double-digit food inflation increases on poorer households. It also predicted that the effects of food insecurity might last for generations. The Middle East and North Africa’s GDP is expected to decline to 3.0 percent in 2023 from 5.8 percent in 2022, according to a report titled “Altered Destinies: The Long-Term Effects of Rising Prices and Food Insecurity in the Middle East and North Africa.” Slower growth is expected

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