A strong vaccine rollout in the Gulf, particularly in the UAE and Bahrain, and Morocco should mean that containment measures are eased soon, paving the way for sustained economic recoveries. But the rest of the region will lag behind, particularly tourism-dependent economies such as Egypt and Tunisia. Fiscal tightening will also act as a key headwind over the coming years and, overall, we expect that regional GDP will still be around 2% below its pre-virus trend by end-2023.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services