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...
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Libya
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...
Most countries in the Middle East and North Africa (MENA) are struggling to reduce poverty and vulnerability—COVID-19 and now Russia's invasion of Ukraine are making the task even...
Highlights:
Inflationary pressure has continued to mount since the devaluation, as the country's consumption mainly relies on imports.
Russia's invasion of Ukraine contributed to additional pressure in 2022...
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When faced with rising prices in commodity markets, in particular oil and food, countries in MENA put in place policies aimed at containing domestic inflation. Despite...
Highlights:
Inflation Hurts the Poor and Vulnerable
Food price inflation reached double digits for most of the middle-income and low-income MENA economies in 2022. For most MENA economies...
Highlights
Libya is struggling to cope with a trifecta of crises, including the civil conflict, the COVID-19 pandemic and most recently, the impact of the Russia-Ukraine crisis. Notwithstanding the tempering of conflict intensity...