Middle East Economic Survey


No 41



World Bank Sees MENA GDP Growth Recovering In 2010

MENA was the only region not to experience a decline in GDP growth in 2008, but this year it will feel a severe impact from the global economic crisis, and then rebound in 2010, said the World Bank. It pegs GDP growth at 2.2% in 2009, and then 4% in 2010, with both down from 2008s 6.1%. Its 2009 Economic Developments and Prospects report for MENA is somewhat less favorable than the...