Macroeconomics

Major economies in the Middle East and Africa experienced an economic slowdown with GDP growth rate declining for Saudi Arabia, United Arab Emirates (UAE), Nigeria, Qatar, Israel, and Iran in the second quarter of 2019. The area is affected by volatile oil prices, and in Q2 especially, there was a decline in oil prices and production cuts by OPEC. ...

Economic recovery in Saudi Arabia will continue to be supported by pick up in oil production to compensative for output decline in Iran. While Aramco privatization is delayed, Saudi aims to generate $11 billion non-oil revenue through privatization program by 2020. The killing of journalist Khashoggi heightened capital flight in October 2018, as th...

Economies of the Middle Eastern countries will remain modest due to higher oil exporting revenue being moderately offset by recession in Iran. Higher oil prices are expected to drive oil and gas and hydrocarbon sector in the region, with Saudi Arabia leading the pack in 2019. OPEC oil production dipped in November 2018 due to fall in Iranian produc...

The growth outlook of Q2 2015 for Emerging Middle East and African remains strong undeterred by the shrinkage in oil revenue. Declining oil prices aggravate the essence of diversification and thus, non-oil sectors like agriculture, banking, finance and tourism are anticipated to play a substantial role in the progress of the economy in H2 2015. Rap...

Robust improvement in consumption demand, generous government support, and improvement in public sector spending on infrastructure are expected to register steady growth in the Middle East and Africa in 2015. However, pragmatic macroeconomic policies to stabilize the global oil price fluctuations at $50to $60 per barrel in 2015 are likely to remain...

Economic recovery of the Middle Eastern economies is anticipated to be weaker in H1 2014 because of the increase in regional security concerns, ongoing political unrest, weak economic policies, and sluggish recovery of the global economy. Fiscal and external deficits will remain major areas of concern, especially in countries most adversely affecte...

Advanced economies are getting stabilized; this provides a boost to the growth of the Emerging Middle East and African countries in H2 2014. Majority of Middle East and African economies are heavily commodity export dependent. The total value of goods exported by the region largely comprises commodities (with more than 50% share), making the count...