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Survey of Economic and Social Developments in the Arab Region 2018-2019

  • Author: UN, ESCWA
  • Publication date: September 2020
  • Page count: 144
  • Language(s) in this book: English
  • Sales number: 20.II.L.1

Available Formats

ISBN: 9789211284096
ISBN: 9789210045681

About the product

The Arab region experienced an economic recovery growth rate of 2.3% in 2018, up 1.7% from 2017. This recovery was largely attributed to hydrocarbon sector led growth in the region’s oil-exporting countries. While this growth momentum continues, the region remains linked to geopolitical uncertainties which are further exacerbated by a number of ongoing intraregional diplomatic rifts and armed conflict. The present challenge facing the region is its delicate fiscal situation as several Arab countries have established new energy subsidy systems, aimed at maintaining affordable energy prices against oil price fluctuation.