Country Report
Domestic stability in Egypt has improved markedly and the economy is showing timid signs of recovery. The government has engaged in bold reforms and generous aid from the GCC countries gives Egypt the financial space to gradually implement them.
Country Report
Weaker oil markets are hurting Saudi Arabia given the high reliance of the economy and government income on the hydrocarbon sector. Fortunately, strong financial buffers provide sufficient mitigation for now.
Country Report
Kuwait’s hydrocarbon dependent economy slowed in 2013 and prospects for 2014 are stable. The political focus seems to be shifting towards the crown prince succession, which might stall progress booked on economic reforms in the past year.
Country Report
In 2013, economic growth in Morocco accelerated, but it is likely to slow down somewhat in 2014. Morocco has been able to reduce its twin deficits somewhat, though these deficits remain sizeable.
Country Report
A generous financial lifeline from the GCC countries kept the Egyptian economy afloat in 2013 and will do so again in 2014. However, persistent polarisation of the Egyptian society makes the country’s future highly uncertain.
Country Report
The UAE’s economy is estimated to grow at a solid pace of 4-5% in the coming years. Meanwhile, the run up in asset prices has increased fears of a renewed speculative bubble.
Country Report
Economic growth in Bahrain is estimated to slow to around 3% in 2014. Government finances are strained due high social spending and large energy subsidies.