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Sunday, 22 Dec 2019

At A Glance Review 2018 and H1-2019

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The changes in the global economic environment will always impact the MENA region, where investments by China are projected to decrease compared to the previous years, considering its economic situation slowdown. By contrast, the EU is expected to have a higher share of investment flows in the GCC countries by signing the bilateral Cooperation Arrangements (CA) encompassing political dialogue and sectoral cooperation in areas of mutual interest, with the aim to accompany the individual countries’ economic diversification and social transformation. And most importantly, it’s worth mention the US Fed interest rates cuts in 2019 which caused a decrease in the borrowing costs in the GCC countries and positively affect investment prospects. On the regional front, governments in the region are seeking to strike a balance between pushing ahead with reform efforts and mitigating the social and economic impact of reduced subsidies. Over recent years, we have seen a slowdown in the pace of reforms especially in Saudi Arabia, as the oil price has moved higher. Noting that the IMF economic programs act as a cornerstone in countries including Egypt, Jordan and Tunisia. Finally, the unresolved regional instability along with the escalating youth unemployment rates remain as the main challenges for the region in 2019.

 

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