Saudi equities have continued to rally this week, but we think that they will erase all of their recent gains by the end of this year. Meanwhile, projections from Morocco’s agriculture ministry released this week point to weaker agricultural output this year than last, which will act as a headwind to economic growth. On a more positive note, though, the announcement of a first public sector wage hike since 2011 should provide some offsetting support.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.