The pandemic aggravated Tunisia's long-standing vulnerabilities stemming from persistent fiscal and external imbalances, rising debt, and contingent liabilities from inefficient state-owned enterprises. The crisis is expected to induce the largest contraction in real GDP since independence. The...

After a sharp fall in 2017, economic growth in MENA is projected to rebound to 3.1 percent in 2018, thanksto the positive global outlook, oil prices stabilizing at relatively higher levels, stabilization policies andreforms, and recovery and reconstruction as conflicts recede. The outlook for...

Part I of this report discusses the short- and medium-term growth prospects for countries in the Middle East and North Africa (MENA). The region is expected to grow at a subdued rate of 0.6 percent in 2019, rising to 2.6 percent in 2020 and 2.9 percent in 2021. The growth forecast for 2019 is...

The Middle East and North Africa (MENA) is home to some of the most fragile situations and conflict-affected population in the world. With one in five people in the region living near conflict, nearly half of the economies of the MENA region are classified as fragile and conflict situations...

This report explores the effect of political risk on foreign direct investment (FDI) flows to countries in the Middle East and North Africa. FDI flows dominated capital flows to MENA in the period since the early 2000s and the drop in FDI has been an important component of the economic decline...