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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, in Tunisia, failure to get an agreement over the line means that the risk of a messy sovereign default is rising.

EM Drop-In (6th Apr.): Our latest EM online briefing is all about the risks around the recent bank turmoil, including potential economic spill-overs and the state of EM bank balance sheets. Register now.

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