Emerging Middle East and Africa (MEA) Economic Tracker—Insights and Trends, Quarter 4, 2017

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 economi

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Emerging Middle East and Africa (MEA) Economic Tracker—Insights and Trends, Quarter 4, 2017Emerging Middle East and Africa (MEA) Economic Tracker - Insights and Trends Quarter 4 2017Emerging Middle East and Africa (MEA) Economic Tracker—Insights and Trends, Quarter 4, 2017




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