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Middle East and North Africa Chart Pack (Nov. 2023)

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

After a sharp slowdown this year, GDP growth across the Middle East and North Africa will improve in 2024 as OPEC+ starts to reverse recent oil output cuts, while fiscal policy in the Gulf remains supportive. Outside of the Gulf, balance of payments strains mean that Egypt will need to loosen its grip on the pound soon to keep its IMF deal on track. Tunisia’s external strains are altogether worse and we think a sovereign default is more likely than not.

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