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Survey of Economic and Social Developments in the Arab Region 2016-2017

image of Survey of Economic and Social Developments in the Arab Region 2016-2017

This publication focuses on the analysis of the most recent socioeconomic developments in two ways. The first focus aims at demonstrating the analytical observation of routinely monitored economic and social variables of the Arab region in the global context (the monitoring part). The second focus aims at an in-depth analysis on the regional impacts of ongoing fiscal reforms (the thematic part).

English

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Executive Summary

The year 2016 was marked by a continuing economic slump. The growth rate of 2.3 per cent was the lowest registered since the global financial crisis. The slowdown was attributed largely to political uncertainty in the developed economies and rising geopolitical tensions in the developing economies. Signs of recovery appeared in the second half of the year, with improving business sentiment and consumer confidence in most developed economies. However, the emergence of protectionist trends heralds potential new risks for the future of the global economy.

English

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