Publications

The Arab region continues to manage uncertainties on its path towards an inclusive and sustainable growth trajectory: geopolitical tensions persist, and global interest rates have soared. The moderate recovery in oil prices further complicates the balance between fiscal consolidation, private sector development, diversification and external imbalances. Notwithstanding the daunting challenges ahead for policymakers, stronger economic prospects in Europe will create more opportunities for the region. Reflecting both upside opportunities and downside risks, the Survey of Economic and Social Developments in the Arab Region 2017-2018 shows that regional economic growth is estimated to have slowed to 1.5 per cent in 2017 from 2.8 per cent the year before, but is projected to rebound to 3.3 per cent in 2018 and maintain a similar rate of growth for 2019.