Emerging Middle East and Africa (MEA) Economic Tracker—Insights and Trends, Quarter 2, 2017

Economic Diversification Remains High

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Low oil prices will continue to take a toll on the economic health of the gulf economies in the second quarter of 2017. Low energy prices leading to burgeoning fiscal deficit have adversely affected Qatar’s economic prospects. Output in the oil and gas sector remained flat and GDP growth appears to have contracted in Q1 2017. The multi-year $200 billion infrastructure spending for the upcoming the World Cup will support growth in the medium term. In Saudi Arabia and the United Arab Emirates continued fiscal consolidation efforts and healthy growth of the non-oil sector should help recover the stagnating oil and gas sector due to the recent The Organization of the Petroleum Exporting Countries (OPEC) agreement

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Emerging Middle East and Africa (MEA) Economic Tracker—Insights and Trends, Quarter 2, 2017Emerging Middle East and Africa (MEA) Economic Tracker—Insights and Trends, Quarter 2, 2017 Emerging Middle East and Africa (MEA) Economic Tracker—Insights and Trends, Quarter 2, 2017




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