Our Middle East & North Africa Chart Pack has been updated with our key calls and forecasts to reflect the latest regional developments.
The Middle East and North Africa is set to record its fastest pace of GDP growth (outside of the pandemic period) since 2011. Continued oil output hikes and the switch on of Qatar’s North Field will boost the Gulf economies. But lower energy prices are likely to curb how supportive fiscal policy can be in some places – particularly Saudi Arabia – and act as a constraint on non-hydrocarbon sectors. Elsewhere, we are optimistic on the growth prospects of Egypt and Morocco.
Meanwhile, the recent US-Saudi meetings have taken the Kingdom off the fence and drawn it back toward the US’s sphere of influence.
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