Skip to main content

Middle East and North Africa Chart Pack (Jan. 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 in 2024 but is likely to come in well below consensus expectations. OPEC+’s cautious approach to oil policy will keep a lid on economic growth in the Gulf over the first half of next year, although a loose fiscal stance will remain supportive of activity in non-oil sectors. Elsewhere, balance of payments strains mean that Egypt will need to loosen its grip on the currency soon to get its IMF deal back on track. If it doesn’t, a more disorderly currency adjustment that raises concerns about sovereign debt sustainability could ensue.

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:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access