The devastating impact of COVID-19 on Oman's economic activity indicates that the public finances will remain under increasing pressure over the forecast period reinforced by severely subdued global energy prices
Algeria’s long-term growth performance is slowing down, driven by a shrinking hydrocarbon sector, a winded public-led growth model, and an underdeveloped private sector.
Growth in Egypt is expected to have remained positive, but declined from 5.6% in FY2019 to 3.5% in FY2020, and then further to 2.3% in FY2021, before rebounding in FY2022.
Real GDP growth in Qatar will turn positive again in 2021 as energy prices stabilize at around US$42bbl, global LNG demand picks up, and nonenergy economic sentiment improves once the pandemic is controlled.