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Political Uncertainty Weighs on Economic Outlook
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Mounting geopolitical risks dampen the growth outlook for the Middle East countries despite higher oil prices and strong global growth. The intensified political instability in Saudi Arabia with the large scale operation by the Crown Prince to curb corruption led to oil price hitting over two-year high. The economy is expected to stabilize in 2018, supported by the reform agenda toward reduction of oil dependency. In the United Arab Emirates, oil production cuts took a drag on economic growth in 2017. However 2018 outlook appears to be promising with a 5.6% increase in federal budget allocation with a focus on education, healthcare, and non-oil sectors. Lower oil and gas output in 2016 and 2017 weigh on economic growth in Algeria. Nigeria came out of recession in Q2 2017 after 5 quarters of negative growth thanks to higher oil prices. The recovery will continue at a moderate pace in 2018. Qatar’s economic recovery will be deterred by the imposed economic sanctions. Israel's economy is driven by robust private consumption and sound consumer confidence. Country Coverage – Emerging Middle East and Africa· Saudi Arabia· The United Arab Emirates· Egypt· Algeria· Nigeria· Qatar· IsraelYear, Quarter and Month Coverage· Yearly Data: 2012 – 2021· Quarterly Data: Q1 2012 – Q2 2019· Monthly Data: January 2012 – December 2017
Global Economic Tracker - Insights and Trends (GET-IT) - Emerging Asia-Pacific Quarter 4, 2012
Global Economic Tracker—Insights and Trends (GET-IT)—Emerging Middle East and Africa Q1, 2016
BRICS Economic Tracker—Insights and Trends Quarter 2, 2017
BRICS Economic Tracker—Insights and Trends Quarter 4, 2017
Emerging Latin America Economic Tracker—Insights and Trends, Quarter 4, 2017
Emerging Latin America Economic Tracker—Insights and Trends, Quarter 3, 2017
Emerging Latin America Economic Tracker—Insights and Trends, Quarter 2, 2017
Emerging Middle East and Africa (MEA) Economic Tracker—Insights and Trends, Quarter 1, 2017
Emerging 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 3, 2017
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