Latest Highlights 1 2 3 4 5 2017 GDP Forecasts Annual Variation in % MENA: 2017 ECONOMIC OUTLOOK UAE: Economy continues to expand at a moderate pace, with the non-oil sector powering growth Israel: Growth driven by solid growth in private consumption and fixed investment, while exports contracted sharply Iran: Economy benefiting from growth in tourism exports, foreign direct investment and crude oil production -1 0 1 2 3 4 5 Saudi Arabia Kuwait Iraq MENA UAE Qatar Algeria Israel Iran Egypt FocusEconomics Consensus Forecast Middle East & North Africa, October 2017 4.1 3.9 3.3 2.5 2.0 2.0 2.0 1.7 -0.3 -0.4 Egypt: Activity continues to firm up, thanks to the government’s bold reform agenda and improved international competitiveness due to a weaker pound 2017 Consensus Forecast 2.0% Geopolitical risks and structural imbalances across countries are weighing on the outlook
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Latest Highlights
1
2
3
4
5 2017 GDP Forecasts Annual Variation in %
MENA: 2017 ECONOMIC OUTLOOK
UAE: Economy continues to expand at a moderate pace, with the non-oil sector powering growth
Israel: Growth driven by solid growth in private consumption and fixed investment, while exportscontracted sharplyIran: Economy benefiting from growth in tourism exports, foreign direct investment and crude oil production
-1
0
1
2
3
4
5
Saudi ArabiaKuwait
Iraq MENAUAEQatarAlgeriaIsraelIranEgypt
FocusEconomics Consensus Forecast Middle East & North Africa, October 2017
4.1 3.93.3
2.52.0 2.0 2.0 1.7
-0.3 -0.4
Egypt: Activity continues to firm up, thanks to the government’s bold reform agenda and improved international competitiveness due to a weaker pound
2017ConsensusForecast 2.0%
Geopolitical risks and structural imbalances across countries are weighing on the outlook
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