The World Bank this week downgraded its growth expectations for the Mena region, dropping the 2025 outlook by 1.3 percentage points to 2.6%. That last outlook was from October 2024, since when the global economic outlook has shifted considerably with the election of US President Donald Trump and his subsequent rollout of import tariffs (MEES, 25 April).
Meanwhile many Mena states are part of the Opec+ producer alliance, which recently opted to accelerate planned output increases (MEES, 4 April). (CONTINUED - 170 WORDS)
