Middle East & Africa October 2018

Iran’s economic woes will weigh on the GDP growth prospects of the Middle East and Africa in 2018 and 2019.

Sanctions imposed by the United States are taking their toll on Iran’s economy, and the situation is set to worsen. Iran is the biggest producer and consumer of gas in the MEA region, and US sanctions have seen an exodus of IOCs from Iran’s energy sector. The first round of sanctions came into effect in August and severely curtailed Iran’s access to US dollars. This has...