Our Middle East & North Africa Economics Chart Pack has been updated with the latest data and our analysis of recent developments.
Headline GDP growth in the Gulf economies will strengthen in 2025 as oil output cuts are unwound. But lower oil prices are prompting a turn to fiscal consolidation, notably in Saudi Arabia, which will cause growth in non-oil sectors to slow. Outside of the Gulf, balance of payments strains have eased and slowing inflation will allow central banks to loosen monetary policy. Fiscal tightening will still be needed to stop public debt ratios from rising, although this is unlikely to prevent a pick-up in growth next year.
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