Skip to main content

Middle East and North Africa Chart Pack (Feb. 2024)

Our Middle East and North Africa Chart Pack has been updated with the latest data and our analysis of recent developments.

Economic growth in the Middle East and North Africa will strengthen a little this year but is likely to come in well below consensus expectations. OPEC+’s output cuts should gradually reverse from the end of this quarter but will keep a lid on economic growth in the Gulf until the second half of this year. Loose fiscal policy will continue to support activity in non-oil sectors. Elsewhere, balance of payments strains in Egypt and Tunisia mean that the crunch point for a more disorderly adjustment is edging closer. Tunisia’s unwillingness to cooperate with the IMF means that a sovereign default is more likely than not. Talks are ongoing in Egypt, but time is running out.

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

Get access