It also looks closely at the global oil market and expects several challenges to arise. As for China, there are mixed prospects with an expected slowdown to 6.3%, and an expected slowdown 7.8% in India, with an uncertain recovery in Brazil. Oil market rebalancing in 2016, 2017 expected to be challenging2016 was a turning point for the oil price collapse given the rebalancing of the oil market. While the intensity of the war has certainly lessened, the region is still far away from political stability. The coupling of deteriorating living conditions with political pressure on civil society could be very challenging, especially if inflationary pressure remains as high.

Source: Daily News Egypt March 22, 2017 06:11 UTC