Middle East ETF News
Modest Growth Forecast for Economies in the Middle East and North Africa Amid Rising Uncertainty
October 16, 2024--While GDP is subdued in 2024, accelerating reforms would spur inclusive growth
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| The report forecasts the region's overall gross domestic product (GDP) growth to rise modestly to 2.2 percent in 2024 in real terms, up from 1.8 percent in 2023. This uptick is driven by Gulf Cooperation Council (GCC) countries, where growth is projected to rise from 0.5 percent in 2023 to 1.9 percent in 2024. In the rest of MENA, growth is expected to decelerate. Oil importers' growth is forecast to slow from 3.2 percent in 2023 to 2.1 percent in 2024, and that of non-GCC oil exporters to decline from 3.2 percent to 2.7 percent. |
IMF-Kuwait: Selected IssuesDecember 9, 2024-Summary |