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28 Dec 2017  |  Africa

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

Political Uncertainty Weighs on Economic Outlook

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,...

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29 Dec 2017  |  Africa

Emerging Middle East and Africa (MEA) Economic Tracker—Insights and Trends, Quarter 1, 2017

Economic Outlook Challenged by Oil Production Cuts

The economic outlook for the Middle Eastern countries is challenged by the continued oil price sluggishness. The fiscal consolidation measures will continue throughout 2017 to combat deficit and is expected to ease in 2018 if oil prices uptick. On one hand, the first half of 2017 is being characterized by Saudi Arabia led oil production cut agreeme...

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29 Dec 2017  |  Africa

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

Economic Diversification Remains High

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 ...

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29 Dec 2017  |  Africa

Emerging Middle East and Africa (MEA) Economic Tracker—Insights and Trends, Quarter 3, 2017

Mounting Political Unrest to Lead to Economic Jeopardy

The growth outlook for the Middle East countries in Q3 2017 was somber amid burgeoning geopolitical crisis and ongoing low oil prices. The Saudi Arabian economy continued deterioration in 2017 registering negative growth rates in Q1 and Q2 2017 owing to The Organization of the Petroleum Exporting Countries (OPEC) agreement on curbing oil production...

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4 Item(s)