The report analyses constraints on productivity growth and limited accumulation of factors or production in the MENA private sector. Historically, economic growth in the Middle East and North Africa has been weak since the global financial crisis of 2007-2009 and the Arab Spring of the early 2010s. Since then, gross domestic product (GDP) per capita has grown by only 0.3% a year in the MENA region. In addition, the Russian invasion of Ukraine affects the MENA economies through higher hydrocarbon prices, risks to food security and declining tourism. Management practices lag behind benchmark countries, with a decline in average scores in all MENA countries since 2013.

Source: The North Africa Journal June 09, 2022 16:11 UTC