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The global surge in interest rates, the depreciation of currencies, and the resulting inflationary pressures are having major ramifications on the livelihoods of people across the Middle East and North Africa (MENA) region. The region continues to recover from the impact of the COVID-19 shock and tries to navigate the heightened volatility in its terms of trade stemming from Russia’s invasion of Ukraine. The region’s average economic growth is expected to decelerate this year from last year. Why? And what do labor market challenges and their effect on job numbers and real wages have to do with it? ....
The Middle East Institute, in partnership with the World Bank, is pleased to announce a virtual panel event, "Altered Destinies: Middle East and North Africa Economic Update." ....
High inflation and rising food prices pose a challenge to economies across the Middle East and North Africa (MENA), where growth is expected to slow in the coming year. Join this World Bank Live event and hear from the World Bank’s Chief Economist in MENA about the region’s economic prospects and the impact of rising food prices. The latest MENA Economic Update looks in depth at how even temporary increases in the price of food can have lasting impacts across generations in terms of education, health and future income prospects. ....
Please join us for the launch and presentation of the World Bank’s latest Middle East and North Africa Economic Update, a twice-yearly forecast that looks at growth prospects for the region. Titled “A New State of Mind: Greater Transparency and Accountability in the Middle East and North Africa,” the most recent edition underscores how many MENA countries are struggling to overcome the lasting impact of the pandemic while facing new shocks from high oil and food prices, rising global interest rates, and slowdowns in major world economies. ....