Latest Highlights

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5 2017 GDP Forecasts Annual Variation in %

MENA: 2017 ECONOMIC OUTLOOK

UAE: Economy continues to expand at a moderate pace, with the non-oil sector powering growth

Israel: Growth driven by solid growth in private consumption and fixed investment, while exportscontracted sharplyIran: Economy benefiting from growth in tourism exports, foreign direct investment and crude oil production

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Saudi ArabiaKuwait

Iraq MENAUAEQatarAlgeriaIsraelIranEgypt

FocusEconomics Consensus Forecast Middle East & North Africa, October 2017

4.1 3.93.3

2.52.0 2.0 2.0 1.7

-0.3 -0.4

Egypt: Activity continues to firm up, thanks to the government’s bold reform agenda and improved international competitiveness due to a weaker pound

2017ConsensusForecast 2.0%

Geopolitical risks and structural imbalances across countries are weighing on the outlook