In 2024, the Middle East and North Africa (MENA) region experienced modest economic growth, with a projected rate of 2.2%. This subdued performance is attributed to ongoing geopolitical uncertainties and structural challenges.
However, forecasts for 2025 are more optimistic, anticipating a rebound to approximately 3.6%, driven by a recovery in oil production and an easing of regional conflicts.
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References
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World Bank: Middle East and North Africa Economic Update - October 2024
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IMF: A Stronger Engine for Middle East and North Africa's Growth