Atradius

The oil-dependent economies of the Middle East and North Africa (MENA) have been dealt a fresh blow by COVID-19, but the region can limit the damage and rejuvenate growth by focusing on fiscal consolidation, technological innovation and economic diversification, according to Atradius' latest MENA economic report. Buffeted by geopolitical challenges and a range of social issues, the MENA region -- a grouping that includes the Gulf Cooperation Council (GCC) nations -- has been further weakened by the pandemic and faces an unprecedented slowdown of -7.0% in 2020, the report notes ...