Following a tumultuous three years since the Arab Spring uprisings, we expect a recovery to finally get underway in the MENA region’s non-oil producers over the next year or so. Growth should be supported by the strengthening global economy and – in Egypt – Gulf-funded stimulus packages. As a result, we think that the gap in performance between the non-oil economies and the Gulf – which looks set for another year of steady but unspectacular growth – should narrow. All in all, we expect regional GDP growth of 3-3.5% in 2014-15.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services