Search results

Gulf economies are on a stable track despite risks

Location:

GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

There will be no easy fixes to Rabat’s jobless woes

Location:

MOROCCO

The loss of jobs has been heaviest in agriculture, which accounts for about one-third of the total labour force. Farmers have had to contend with a long-term fall in precipitation…

Investor confidence in Turkey will rise slowly

Location:

TURKEY

The move is part of the government’s new more orthodox economic policy, which was adopted following President Recep Tayyip Erdogan’s re-election in May. The change of policy…

Gaza war will hit non-oil Middle East economies hard

Location:

MIDDLE EAST

The conflict will damage the economic prospects of Israel, Egypt and Jordan, even without a major regional escalation. The Gulf Arab states, Iraq and Algeria will benefit from the…

Saudi capital spending allocations are on the rise

Location:

SAUDI ARABIA

However, because of the large surplus of 2.5% recorded in that year, Riyadh’s public debt is only about 25% of GDP, providing the government and the country’s sovereign wealth…

Kuwait will lag neighbours on economic diversification

Location:

KUWAIT

The resignation highlights that, despite the suspension of parliament in an attempt to overcome the political deadlock arising from executive-legislative tensions, political…

Iran's presidential election to yield little change

Location:

IRAN

The inclusion of a loyalist with reform credentials, former Health Minister Masoud Pezeshkian, is intended to reverse the chronic trend of disengagement with elections among…

Israel's economic recovery will remain restrained

Location:

ISRAEL

The war in Gaza, which began in October 2023, was initially expected to wind down within a few months, enabling economic activity to return to normal. Instead, the fighting has…

Morocco will struggle to lift growth rates

Location:

MOROCCO

This is below the medium-term target of average annual real GDP growth of 6%, with economic performance largely affected by poor agricultural harvests. There was a modest recovery…

Water scarcity will add costs for Middle East AI hubs

Location:

MIDDLE EAST

In aggregate, Israel and leading Arab states plan to spend approximately USD100bn over the next few years to develop data centres to support the AI ecosystem. This will require…