• Global Gas Analytics
  • Analysis & Forecasts

Middle East & Africa Economic overview

September 2017

Economic growth in the Middle East and Africa (MEA) will support gas demand and upstream investment in the region.

The International Monetary Fund (IMF) expects the economy of the Middle East and North Africa (MENA) to expand by 2.6% in 2017 and 3.3% in 2018. Meanwhile, the agency forecasts the GDP of sub-Saharan Africa will grow by 2.7% in 2017 and by 3.5% in 2018.

Several MEA countries are taking steps to reduce their dependence on oil. The IMF expects Saudi Arabia’s economy to expand by only...