{"id":605080,"date":"2018-12-20T07:51:20","date_gmt":"2018-12-20T07:51:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/2019-middle-east-economic-outlook-bleak\/"},"modified":"2018-12-20T07:51:20","modified_gmt":"2018-12-20T07:51:20","slug":"2019-middle-east-economic-outlook-bleak","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/2019-middle-east-economic-outlook-bleak\/","title":{"rendered":"2019 Middle East economic outlook bleak"},"content":{"rendered":"<p><b>The usual doom and gloom for Mideast outlook in 2019: <\/b>Citing long-running conflicts, significant youth unemployment, and deep-seated economic and social issues, <a href=\"https:\/\/www.apnews.com\/d072bd35cce44f1bb269da7550850295\">the AP forecasts<\/a> a not too rosy outlook for the Middle East in the new year. The wars in Syria, Iraq, Libya, and Yemen may be winding down, but each of them is likely to see further violence and destruction.<\/p>\n<p><b>More economic concerns: <\/b>Economic concerns continue to plague Egypt as job creation lags far behind a booming population. Though investor confidence is improving, inflation overshot IMF targets. The US reneging on the Iran deal meant renewed sanction, which hit the Iranian currency hard. Several countries were allowed to import Iranian oil despite the sanctions, which caused the price of oil to fall and strained oil-reliant Gulf economies.<\/p>\n<p><b>Saudi Arabia insists that it is still \u201cattractive for investment\u201d: <\/b>Saudi officials presented this week its 2019 state budget, <a href=\"https:\/\/www.ft.com\/content\/859256ce-03a2-11e9-9d01-cd4d49afbbe3\">the Financial Times reported<\/a>, and announced that the economic reform programme launched two years ago is now being implemented. The budget announcement, which sees the kingdom increasing its spending by 7% despite its stated aim of reducing its fiscal deficit, comes after the killing of journalist Jamal Khashoggi sparked international condemnation and caused foreign investors to shy away from the kingdom\u2019s political climate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The usual doom and gloom for Mideast outlook in 2019: Citing long-running conflicts, significant youth unemployment, and deep-seated economic and social issues, the AP forecasts a not too rosy outlook for the Middle East in the new year. The wars in Syria, Iraq, Libya, and Yemen may be winding down, but each of them is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":605081,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9272],"tags":[72,1778,127,1510],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-macro-picture","tag-enterpriseam","tag-middle-east","tag-politics","tag-the-macro-picture","wpautop","entry"],"acf":{"mongo_id":"feb2c4a8-6b96-43a3-9e0c-852f416ca1f2","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/12\/2139.jpeg","photo_position":"above","related_issue":[605063],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>2019 Middle East economic outlook bleak - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/2019-middle-east-economic-outlook-bleak\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2019 Middle East economic outlook bleak\" \/>\n<meta property=\"og:description\" content=\"The usual doom and gloom for Mideast outlook in 2019: Citing long-running conflicts, significant youth unemployment, and deep-seated economic and social issues, the AP forecasts a not too rosy outlook for the Middle East in the new year. The wars in Syria, Iraq, Libya, and Yemen may be winding down, but each of them is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/2019-middle-east-economic-outlook-bleak\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-20T07:51:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/12\/2139.jpeg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/2019-middle-east-economic-outlook-bleak\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/2019-middle-east-economic-outlook-bleak\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"2019 Middle East economic outlook bleak\",\"datePublished\":\"2018-12-20T07:51:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/2019-middle-east-economic-outlook-bleak\/\"},\"wordCount\":214,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/2019-middle-east-economic-outlook-bleak\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/12\/2139.jpeg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Middle East\",\"politics\",\"THE MACRO PICTURE\"],\"articleSection\":[\"THE MACRO PICTURE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/2019-middle-east-economic-outlook-bleak\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/2019-middle-east-economic-outlook-bleak\/\",\"name\":\"2019 Middle East economic outlook bleak - 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However, banks can chart their own path and stay ahead of the curve by creating new sources of value in the areas of financial technology,\u2026","rel":"","context":"In \"EnterprisePM\"","block_context":{"text":"EnterprisePM","link":"https:\/\/enterpriseam.com\/egypt\/tag\/enterprisepm\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556338,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/20\/uneven-post-covid-recovery-threatens-mena-regions-imf\/","url_meta":{"origin":605080,"position":1},"title":"Uneven post-covid recovery threatens MENA regions \u2013IMF","author":"enterpriseam admin","date":"20 October 2021","format":false,"excerpt":"The post-covid recovery in Egypt and MENA continues to be \u201cuneven and incomplete\u201d despite progress made in the region since the start of the year and a slightly more optimistic growth outlook, the IMF said in an update to its Regional Economic Outlook for the Middle East and Central Asia.\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597367,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/24\/the-imfs-emerging-markets-outlook-is-looking-sluggish-amid-expectations-for-subdued-global-growth\/","url_meta":{"origin":605080,"position":2},"title":"The IMF\u2019s emerging markets outlook is looking sluggish amid expectations for \u201csubdued\u201d global growth","author":"enterpriseam admin","date":"24 July 2019","format":false,"excerpt":"The IMF\u2019s emerging markets outlook is looking sluggish amid expectations for \u201csubdued\u201d global growth: The IMF has revised downwards its forecasts for emerging markets\u2019 GDP growth in its July update of the World Economic Outlook, saying it sees EMs growing 4.1% and 4.7% in 2019 and 2020, respectively. The figures\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2565.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596783,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emerging-markets-to-reap-the-benefits-of-a-fed-rate-cut-bloomberg-survey\/","url_meta":{"origin":605080,"position":3},"title":"Emerging markets to reap the benefits of a Fed rate cut -Bloomberg survey","author":"enterpriseam admin","date":"8 July 2019","format":false,"excerpt":"Emerging markets to reap the benefits of a Fed rate cut -Bloomberg survey: Emerging market equities, bonds, and currencies will reap the benefits if the world\u2019s major central banks go ahead with expected rate cuts, according to a quarterly poll of 42 fund managers, traders, and strategists conducted by Bloomberg.\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2360.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546116,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/28\/support-talks-with-imf-reach-technical-stage-as-lender-pinpoints-key-reforms-the-fund-expects-uneven-recovery-in-the-middle-east\/","url_meta":{"origin":605080,"position":4},"title":"Support talks with IMF reach technical stage as lender pinpoints key reforms + The Fund expects uneven recovery in the Middle East","author":"enterpriseam admin","date":"28 April 2022","format":false,"excerpt":"Talks between Egypt and the IMF on a fresh support package have reached the \u201ctechnical stage,\u201d Jihad Azour, the multilateral lender\u2019s head of Middle East and Central Asia, told reporters at a press briefing on the release of the IMF\u2019s latest regional outlook yesterday, Ahram Online reports. Azour did not\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/388.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556832,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/20\/uneven-mena-vaccine-rollouts-threaten-regional-recovery-imf-regional-economic-outlook\/","url_meta":{"origin":605080,"position":5},"title":"Uneven MENA vaccine rollouts threaten regional recovery - IMF Regional Economic Outlook","author":"enterpriseam admin","date":"20 October 2021","format":false,"excerpt":"The post-covid recovery in Egypt and MENA continues to be \u201cuneven and incomplete\u201d with countries that had made strong progress in vaccination (including Joran, Morocco and Tunisia) likely to recover quicker than those with more sluggish rollouts, like Egypt, the IMF said in its latest Regional Economic Outlook (pdf). Though\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/450.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=605080"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605080\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/605063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/605081"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=605080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=605080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=605080"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=605080"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=605080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}