Middle East & North Africa Economics

Middle East Economic Outlook

30 January, 2018

Region to mount a recovery

Growth in the Middle East and North Africa slowed to its weakest pace since the global financial crisis in 2017, but the region is set for a recovery over the next twelve months. The rebound in growth is likely to be driven by the Gulf, where the drag from last year’s oil output cuts will fade. And even though oil prices are likely to come off recent highs, governments look set to slow the pace of fiscal austerity this year. These should more than offset the headwinds from rising interest rates

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