The Middle East and North Africa (MENA) region is expected to grow at 2.2% in 2024, yet the outlook remains subdued amid heightened uncertainty. In addition to examining the macroeconomic...
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The Middle East and North Africa (MENA) region is expected to grow modestly in 2024, returning to the low growth that prevailed in the decade before the pandemic. In addition to examining the macroeconomic outlook...
Highlights on food security: In domestic currency, food inflation in the region is likely to remain elevated as a result of the continuing pressures on MENA economies’ currencies. In Egypt, year-on-year food...
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Inflation averaged 171.2 percent in 2022, one of the highest rates globally, primarily due to the depreciation of the LBP. Higher prices for food and non-alcoholic beverages contributed...