Middle East Economic Outlook MENA set for a much weaker 2023 Growth across the Middle East and North Africa is set to slow sharply, and by more than most expect, in 2023. IMF deals will help to contain balance of payments strains in the non-Gulf economies but... 30th March 2023 · 25 mins read
Middle East Economic Outlook Oil sectors to fuel Gulf slowdown Growth across the Middle East and North Africa is set to slow sharply, and by more than most expect, next year. Oil output cuts will weigh on the Gulf even as fiscal policy stays loose. And while IMF... 13th December 2022 · 3 mins read
Middle East Economic Outlook OPEC+ pivot a headwind to Gulf economies The Gulf states will continue to lead the pack, but growth is set to slow next year by more than we had previously expected due to oil output cuts. In North Africa, balance of payments strains should... 21st October 2022 · 25 mins read
Middle East Economic Outlook Oil fuelling a gulf in growth The spillovers from the war in Ukraine are driving a divergence in the region’s outlook. Higher oil output and looser policy will drive above-consensus GDP growth in the Gulf this year and next... 21st July 2022 · 25 mins read
Middle East Economic Outlook Gulf leads the way as Ukraine war drives divergence The Gulf economies will be major beneficiaries from higher energy prices and our growth forecasts sit far above the consensus. Outside the Gulf, higher inflation and tighter fiscal policy will weigh... 25th April 2022 · 25 mins read
Middle East Economic Outlook Gulf to drive a pick-up in regional growth in 2022 The recovery across the Middle East and North Africa is likely to gather pace this year, due in large part to the Gulf where rising oil output will cause GDP growth to pick up to rates well above... 25th January 2022 · 25 mins read
Middle East Economic Outlook Gulf to outperform Economic recoveries in the Gulf will continue to gather pace over the coming year on the back of successful vaccine rollouts and higher oil output, and our GDP growth forecasts lie above the consensus... 19th October 2021 · 25 mins read
Middle East & North Africa Economics A two-speed recovery Strong COVID-19 vaccine rollouts in most of the Gulf and Morocco mean that remaining virus restrictions should be lifted by the end of this year, providing a boost to recoveries that, in the Gulf... 21st July 2021 · 25 mins read
Middle East Economic Outlook Gulf leads the way in unbalanced recovery A strong vaccine rollout in the Gulf, particularly in the UAE and Bahrain, and Morocco should mean that containment measures are eased soon, paving the way for sustained economic recoveries. But the... 27th April 2021 · 25 mins read
Middle East Economic Outlook Gulf to lead the recovery A rapid roll-out of COVID-19 vaccines, combined with rising oil production and higher oil prices, will support a quick recovery this year in the Gulf economies. But other parts of the Middle East and... 20th January 2021 · 25 mins read
Middle East Economic Outlook Recovery faces strong headwinds The economies of the Middle East and North Africa have continued to recover in recent months but, while the Gulf countries seem to have the virus under control, low oil prices mean that fiscal... 21st October 2020 · 25 mins read
Middle East Economic Outlook Austerity and tourism to hinder recovery Oil production cuts, fiscal austerity, the continued spread of the virus, and weakness in key tourism sectors will hold back economic recoveries across the Middle East and North Africa. It will be one... 28th July 2020 · 25 mins read
Middle East Economic Outlook Steepest downturn since the 1980s Efforts to contain the coronavirus mean that the economies of the Middle East and North Africa will suffer their steepest downturn this year since the early 1980s. Draconian social distancing measures... 28th April 2020 · 16 mins read
Middle East Economic Outlook Recovery to disappoint even if oil price recovers Fears about the coronavirus outbreak have weighed on oil prices and clouded the near-term outlook for the Gulf countries. Lower oil prices and a possible deepening of oil production cuts will act as a... 5th February 2020 · 24 mins read
Middle East Economic Outlook Slow recovery lies ahead The region is set to record its second-lowest growth rate this decade in 2019 and, while a recovery is likely to take hold in 2020, it will be slow going. The drag on the Gulf economies from this year... 24th October 2019 · 24 mins read
Middle East Economic Outlook Regional growth to weaken further The regional slowdown at the start of this year has further to run. This will continue to be led by the Gulf countries, where the drag from oil output cuts will intensify and low oil prices will... 15th July 2019 · 24 mins read
