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Middle East Market Analysis

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Regional growth is projected to increase steadily after 2017, to 3.0 percent in 2018 and 3.2 percent by 2020, reflecting accelerations among both oil exporter and Importers in the region.

Description

Growth in the Middle East and North Africa region is estimated to slow sharply from 5.0 percent in 2016 to 1.8 percent in 2017, 0.3 percentage point lower than June projections. The impact of oil production cuts and heightened geopolitical tensions on oil exporters has more than offset a pickup among oil importers. Regional activity is forecast to strengthen gradually over the medium term, in response to policy reforms and easing fiscal adjustments. Key downside risks to the outlook include continued conflicts in the region, weakness in oil prices, and obstacles to reform progress, which are only partly offset by the effects of possible stronger-than-expected Euro Area activity.

Additional information

Color

Red

Size

10x20cm

Page

400

Print

Color

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