THE FOURTEENTH EDITION OF THE ARAB ECONOMIC OUTLOOK INCLUDING UPDATED FORECASTS FOR GROWTH AND INFLATION IN ARAB ECONOMIES FOR 2021 AND 2022
Arab Economies are expected to grow by 2.9 percent in 2021 and 3.6 percent in 2022, reflecting the positive impact of vaccination campaigns, enhanced aggregate demand, and continued policy support
Uneven recovery is expected as eleven Arab countries will likely recover by the end of 2022, while the recovery path will extend beyond 2022 in the rest of the Arab countries
In line with its continuous efforts to support the decision-making process in Arab countries, the Arab Monetary Fund (AMF) has released the fourteenth edition of the Arab Economic Outlook Report containing updated forecasts of economic growth and inflation for Arab countries in 2021 and 2022.
The report indicated that the global economy started to recover from the COVID-19 Pandemic repercussions in the second half of 2020 in light of the acceleration of vaccines production and the launching of vaccination campaigns in many countries worldwide. Accordingly, the international institutions raised their forecasts for the global growth to range between 5.4 and 6.0 percent, amid an uneven recovery pace led by some major economies, including the United States of America, China, and some other emerging economies whose growth is expected range between 6.2 to 8.4 percent in 2021. On the contrary, other developing countries are expected to witness a fragile and slow recovery.