Natural gas & LNG

Middle East & Africa August 2019

Regional analysis & forecasts
Economic overview

Trade wars and geopolitical tensions will dampen the economic growth prospects of countries in the Middle East and Africa.

In its July 2019 World Economic Outlook, the International Monetary Fund (IMF) again slashed its GDP growth forecast for the Middle East, North Africa, Afghanistan and Pakistan region. The IMF now expects the region’s economy to expand by 1% on an annual basis in 2019, lower than its previous forecast of 1.5%. The agency has cited Iran’s sharply weakening economy – which is reeling from sanctions imposed...