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MENA Economies Face Growth Slowdown Amid Global Tensions

5/2/2025

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Summary

Story summary

MENA economies are projected to grow by 2.6% in 2025, a decline from 4% due to global trade tensions and low oil prices.
Geopolitical challenges and stalled reforms, particularly in Egypt, are impeding growth.
GCC economies are anticipated to grow by 3% in 2025, slower than earlier predictions.
Diversification efforts are prioritizing non-oil sectors to enhance economic resilience.

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Story summary

MENA economies are projected to grow by 2.6% in 2025, a decline from 4% due to global trade tensions and low oil prices.
Geopolitical challenges and stalled reforms, particularly in Egypt, are impeding growth.
GCC economies are anticipated to grow by 3% in 2025, slower than earlier predictions.
Diversification efforts are prioritizing non-oil sectors to enhance economic resilience.