Economies in the Middle East and North Africa (MENA) region are expected to grow by 5.2% in 2022, the fastest rate since 2016, on the back of oil-price windfalls benefitting the region’s oil exporters. But heightened uncertainty surrounds this forecast due to the war in Ukraine and ongoing threats from COVID-19 variants.
Titled "Reality Check: Forecasting Growth in the Middle East and North Africa in Times of Uncertainty", the World Bank’s latest economic update forecasts an uneven recovery as regional averages mask broad differences. Oil-producers will benefit from higher oil prices and vaccination rates as fragile countries lag. But tighter global monetary policy, the unpredictability of the course of the pandemic, ongoing supply chain disruptions and food price hikes raise inflation risks for the entire region. https://www.worldbank.org/en/news/press-release/2022/04/14/world-bank-forecasts-uneven-recovery-in-middle-east-and-north-africa
At this online seminar, Rachel Yuting Fan, Economist and Ha Nguyen, Senior Economist, Office of the Chief Economist for Middle East and North Africa Region, presented the main findings of the report.
Date/time:
8am-9am, Wednesday, May 25, 2022 (Japan Standard Time)
Speakers
Rachel Yuting Fan
Economist, Office of the Chief Economist for Middle East and North Africa Region, World Bank
Ha Nguyen
Senior Economist, Office of the Chief Economist for Middle East and North Africa Region, World Bank
Presentation material:
The reports mentioned by the speaker during Q&A session are posted on the following webpages.
- Technology adoption and the middle-income trap: Lessons from the Middle East and East Asia
- The Upside of Digital for the Middle East and North Africa
- MENA Regional Economic Update, October 2021 edition (World Bank Tokyo Online Morning Seminar)
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