Knowledge Note

Against the backdrop of a slowing global economy and lower commodity prices, economic growth in the Middle East and North Africa (MENA) is stagnating. The World Bank 2015 MENA Economic Monitor report projects overall GDP growth to be less than 3% for the third year running—about 2.8% for 2015 (Figure 1). Low oil prices, conflicts, and the global economic slowdown make short term prospects of recovery unlikely.

About the Presenters

Lili Mottaghi