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Analysis by Region - MENA

Publisher Oxford Economics
Published Dec 02, 2024
Length 6 Pages
SKU # OFE19416497

Description

Analysis by Region - MENA



We've cut our 2024 GDP growth forecast by 0.1ppts to a 2.0% contraction, and expect a 2.6% expansion next year. Our revision reflects an extension by OPEC+ of the voluntary oil production cuts until at least January due to concerns over weak demand. We expect the cuts will be extended until Q2 2025 and forecast oil prices will average US$72.6 pb next year.

Table of Contents

6 Pages
Kuwait: Non-oil sector bolsters growth as oil sector stays weak
Forecast overview
Recent developments
Key drivers of our short-term forecast
Downside risks remain significant
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

Pricing

Currency Rates
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