The increase in the costs of food and fuel subsidies, and public sector salaries, has left most oil-importers in the Middle East and North Africa (MENA) with no room to counteract the impact of a slowdown in global growth this year. And, in some cases, foreign grants will be needed just to maintain the spending commitments made in 2011.
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