Dubai’s economy contracted sharply in Q1 but more timely figures show that the downturn deepened in Q2 and we expect the recovery to be weak. Elsewhere, the inclusion of Morocco and Tunisia on the EU's list of safe travel destinations does not mean that their crippled tourism sectors are out of the woods. Meanwhile, the IMF appeared to endorse the Egypt’s FX intervention in March and April but it is now pushing for the authorities to loosen their grip on the pound. Finally, Lebanon’s discussions with the Fund are on the brink of collapse.
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