Jun 17, 2011
| Last Updated
- GCC far outpaces the rest of MENA, with the Maghreb and the Levant barely growing due to slumps in countries most affected by political unrest.
- Expansionary fiscal policy will be the main growth driver across the region, as subsidy and wage hikes support consumption and infrastructure investment lags.
- These policies will breed inflationary pressures, even in countries currently experiencing a reprieve.
Macroeconomic Dynamics: Dampened by Political Unrest, Strengthened by Oil Prices
Continued political unrest dampened the growth outlook for the MENA region and we now expect[...]
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