How Will Arab Economies Grow in 2021?

How Will Arab Economies Grow in 2021?

As hopes of a more stable year than 2020 continue to spread around the world, at a time vaccines are being administered in bulk across the world, one can not help but wonder how this will reflect on the deep economic crisis we have lived through for a little over a year now. While it is easy to say that the worst part of the financial crisis is far behind us, experts and policymakers often need quantitative data that can guide future plans and policies, which has been provided in the latest report conducted by the International Monetary Fund, highlighting the organization's expectations for economic growth rates in the region during 2021. The IMF has anticipated a "long and divergent" path to recovery in the region, one that is still largely impacted by COVID-19, especially that vaccines have not been distributed fairly worldwide. Countries that have been already been struggling economically, whether due to scarcity of resources, bad governance, or armed conflicts are not expected to lead the list throughout 2021, since priorities will be more focused on saving lives and helping millions of people overcome the aggravating economic calamity. As many as 72% of the CEOs in the Middle