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Browsing: How to Navigate MENA’s Slow Growth
- COVID-19, the Ukraine-Russia war, commodity price woes, and high inflation leave the Middle East and North Africa (MENA) region on an unacceptably slow growth trajectory.
- Countries’ economic fallout is also worsened by rising debt, currency depreciation, and negative impacts of natural disasters.
- As a result of these shocks, the human toll on the livelihoods of the people across MENA is very devastating.
Millions of people across economies in the Middle East and North Africa (MENA) are grappling with a number of challenges attributable to the adverse impact of global economic upheavals.
The global shock fueling economic fallout includes the COVID-19 pandemic, the Ukraine-Russia war, commodity price swings, and high inflation. Rising debt burdens, currency depreciations in middle-income economies, and the consequences of natural disasters linked to climate change are also to blames.
As a result of the sequence of these global shocks, the human toll on the livelihoods of …