Entries for 'Middle East North Africa'
March 5, 2015
The sharp drop in oil prices since mid-2014 implies a sharp drop in capital outflows from oil exporters, including reserve accumulation. While in abso
November 6, 2014
A more secure political order since the election of President El-Sisi has shored up investor sentiment, leading to a significant pickup in economic ac
June 19, 2014
Slightly tighter market fundamentals and an overlay of increased geopolitical risks have led us to raise our forecast for the average Brent benchmark
June 12, 2014
Algeria's growth model based on hydrocarbon-financed fiscal spending and heavy-handed government intervention in the economy is not sustainable. Softe
May 29, 2014
Bahrain's fiscal situation is coming under increasing strain, with the government debt-to-GDP ratio having soared over the past five years due to pers
May 16, 2014
The economy is recovering and gaining traction after a series of shocks in recent years. Although we expect growth to slow to 4.4% in 2014 as oil prod
March 13, 2014
The large fiscal deficit and the high and persistent inflation are key macroeconomic challenges facing Egypt. Growth could accelerate to 4% in 2014/15
October 20, 2013
In the three months since the ouster of President Morsi, the military has clamped down hard on the Muslim Brotherhood, alienated the movement from the
October 10, 2013
The six Gulf Cooperation Council (GCC) countries registered an average real GDP growth of 5.2% in 2012. Growth is projected to moderate to 4.1% in 201
July 11, 2013
Egypt's second attempt at a transition to democratic rule has begun against a backdrop of serious social and political divisions and dire economic con
May 22, 2013
The fiscal breakeven oil price increased further to $130/b in 2012, driven by a decline in hydrocarbon output and a large increase in public spending.
May 1, 2013
Nonhydrocarbon growth remained strong, supported by government spending. Hydrocarbon output is expected to continue declining at least until 2015. Str
April 15, 2013
Egypt urgently needs to rectify serious macroeconomic imbalances as a prelude to tackling deep embedded structural distortions in the economy. Growth
April 5, 2013
Bahrain is the only country in the GCC that is running a fiscal deficit. A sharply higher level of recurrent expenditure was locked in last year follo
March 11, 2013
Political uncertainty in Syria continues to pose a major threat to Lebanon's political order and economic stability. Growth decelerated to 0.6% and th
February 11, 2013
The oil market will continue to be well-supplied in 2013 as production capacity, especially outside of OPEC, will grow faster than demand, which will
February 5, 2013
Prospects now look less favorable than a few months ago due to political uncertainty and delays in an IMF agreement. The recent move to a more flexibl
January 24, 2013
Iraq's economy grew at an exceptionally high rate of 11% of GDP in 2012, driven by oil output, which rose to record levels. Oil revenue also provided