Our Middle East & North Africa Chart Pack has been updated with the latest data and our analysis of recent developments.
GDP growth in the Middle East and North Africa will accelerate in 2025 on the back of higher oil production in the Gulf. The UAE will be the Gulf’s top performing economy and, elsewhere, we think that growth in Egypt and Morocco will strengthen on the back of higher exports and reform efforts. The region as a whole is relatively sheltered from a protectionist trade shift in President Trump’s second term. The bigger risks to the outlook stem from geopolitics, although the agreed ceasefires in Gaza and Lebanon, as well as the overthrow of the Assad regime, have paved a path toward de-escalation of tensions.
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