AMF: Arab Economies Set to Grow 2.8 Percent in 2021

SourceAl Bawaba
SectorOil & Gas
CountryMiddle east

The continuation of the expansionary fiscal and monetary policies and the stimulus packages to boost the aggregate demand in some Arab countries, especially those with adequate fiscal space, will also support economic recovery in 2021 and 2022. (Shutterstock) Several factors will support this recovery, including the improved external demand, the anticipated rise in commodity prices, and the positive impact of economic reforms. The Arab economies are forecasted to witness a gradual recovery and to grow around 2. 8% and 3.

6%in 2021 and 2022, respectively, said the Arab Monetary Fund (AMF) releases the April edition of the "Arab Economic Outlook" report for 2021. Several factors will support this recovery, including the improved external demand, the anticipated rise in commodity prices, and the positive impact of economic reforms. The continuation of the expansionary fiscal and monetary policies and the stimulus packages to boost the aggregate demand in some Arab countries, especially those with adequate fiscal space, will also support economic recovery in 2021 and 2022. In this context, oil-exporting Arab economies are anticipated to grow by 2. 9% during 2021 in light of the anticipated increase in oil production levels and its prices in international markets and the continuation of the ...read more...