Our Middle East & North Africa Economics Chart Pack has been updated with the latest data and our analysis of recent developments.
The direct impact of Trump’s trade war on the region is likely to be relatively limited given the low share of goods exports to the US. However, concerns about the global economy, coupled with a surprise hike in OPEC+’s plans for oil output in May, has put pressure on oil prices. That will push some Gulf economies, particularly Saudi Arabia, to tighten fiscal policy this year.
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