Our Middle East & North Africa Chart Pack has been updated with the latest data and our analysis of recent developments.
Rises in oil output from OPEC+, starting in April will gradually provide a boost to GDP growth in the Gulf states. But if oil prices slide further, governments will likely need to tighten fiscal policy further, weighing on non-oil GDP growth this year. 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 President Trump’s trade war. But Jordan and Egypt are vulnerable to cuts in US foreign assistance flows.
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