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21 Nov 2019  |  Africa

Middle East and Africa (MEA) Economic Tracker, H2 2019

Economic Slowdown Dampening Growth Prospects

Major economies in the Middle East and Africa experienced an economic slowdown with GDP growth rate declining for Saudi Arabia, United Arab Emirates (UAE), Nigeria, Qatar, Israel, and Iran in the second quarter of 2019. The area is affected by volatile oil prices, and in Q2 especially, there was a decline in oil prices and production cuts by OPEC. ...

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