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 ...