Owing to strong domestic demand，the momentum of global economic recovery and the rise of international oil prices，Middle East economic growth rose better than expected in 2021 and maintained the growth momentum after entering 2022. Benefiting from high vaccination rates and high oil prices，the economic growth of oil exporting countries is significantly better than that of oil importing countries. However，the high inflation rate and the rebound of the epidemic in early 2022 led to the economic slowdown. The Russia-Ukraine Conflict has had a significant impact on Middle East through global and direct channels. Due to different resource endowments，the impact on various groups of countries is also different. Oil importing countries have been hit by rising commodity prices and tighter financial conditions，exacerbating inflation and deteriorating external and fiscal accounts. In contrast，oil exporting countries will benefit from higher energy prices，far offsetting the impact of tighter financial conditions and lower tourism revenue. The future economic prospects of Middle East are highly uncertain，with downside risks dominating，and the recovery prospects are extremely uneven.