HSBC Bank predicts that the countries of the Middle East, North Africa, and Turkey will experience moderate growth this year, exceeding 3.5%...
Experts expect that the economy of this region will stabilize and begin a gradual recovery after the negative impact caused by the COVID-19 pandemic.
They emphasize that the oil and gas sector will continue to be a key driver of growth throughout the current year. At the same time, other sectors, such as tourism, trade, and telecommunications, will also begin to gradually recover.
In addition, analysts note that sustainable monetary policy and infrastructure investments will contribute to further development of the regional economy. Overall, it is predicted that the second half of 2021 will be more favorable for these countries than the first.
