MENA:GDP growth forecast now stands at -0.3% with additional downside risks

31 Mar 2020

Quarantines, disruption in supply chains, the crash in oil prices in light of the breakdown of OPEC+, travel restrictions, and business closings point to a recession in the MENA region, the first in three decades, according to the Institute of International Finance (IIF), the global association of the financial industry, with more than 450 members from more than 70 countries.

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