This edition of the World Bank MENA Economic Update for Spring 2021 estimates that the Middle East and North Africa (MENA) region’s economies contracted by 3.8% in 2020, which is 1.3 percentage points above the World Bank forecasts in October 2020; however, the regional growth estimate is 6.4 percentage points lower than the pre-pandemic growth forecast published in October 2019.
Cite
Gatti, Roberta, Daniel Lederman, Ha Nguyen, Sultan Abdulaziz Alturki, Rachel Yuting Fan, Asif Islam, and Claudio J. Rojas. 2021. “Living with Debt: How Institutions Can Chart a Path to Recovery in the Middle East and North Africa.” World Bank, MENA Economic Update (April 2021).