Middle East & Africa Economic overview

March 2017

The economic prospects of countries in the Middle East and Africa are expected to remain weak in 2017, which will be a headwind to upstream investment in the region.

The International Monetary Fund (IMF) expects the economy of the MEA to expand by 3.1% on an annual basis in 2017, down from its previous forecast of 3.4%. The agency estimates the region’s economy grew by 3.8% year on year in 2016. Saudi Arabia’s forecast GDP growth has seen one of the IMF’s sharpest downward revisions in...

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