🚀 MENA Economic Update! 🚀
IMF predicts MENA region to grow by 2.7% in 2024, up from 1.9% in 2023. Oil-importing & exporting nations to grow at similar rates. 🌍
Key Points:
- GDP per capita to rise by 1.3%, driven by GCC nations.
- Gaza's economy hit hard, down 86% in Q4 2023.
- Trade disruptions via Suez Canal impacting global commerce.
Debt & Investment Trends:
- Rising debt-to-GDP ratios for oil importers.
- PE & VC investments gaining traction; fintech, tech, healthcare, & infrastructure are hot sectors.
What are your thoughts on MENA's economic future? Comment below! 💬
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