Middle East ETP News
you are currently viewing::Growth in the Middle East and North Africa Forecast to Moderately Accelerate in 2025 Amidst UncertaintyApril 23, 2025—According to the World Bank's latest Middle East and North Africa Economic Update, entitled Shifting Gears: The Private Sector as an Engine of Growth in the Middle East and North Africa, the region is estimated to have grown at a modest 1.9 percent in 2024 and growth is forecast to moderately rise to 2.6 percent in 2025. These forecasts are shadowed by uncertainty, given the rapidly changing global environment. The uptick among oil exporters is linked to plans to roll back cuts in oil production. The rebound in oil importing countries is expected to be driven by an increase in consumption as inflation eases and a recovery in the agricultural sector in some economies. The forecasts are clouded by high uncertainty, due to factors such as conflict, extreme weather shocks, developments in oil markets and a changing global policy environment. Source: World Bank |
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