While GDP is subdued in 2024, accelerating reforms would spur inclusive growthWASHINGTON, October 16, 2024 - Growth continues to be subdued in the Middle East and North Africa (MENA) because of uncertainties heightened by the conflict in the region, says the World Bank in its latest semi-annual MENA Economic Update, entitled Growth in the Middle East and North Africa. In the rest of MENA, growth is expected to decelerate. The ongoing conflict in the Middle East has already inflicted a heavy human and economic toll. "Peace and stability are the foundation of sustainable development," said Ousmane Dione, World Bank Vice President for the Middle East and North Africa. "Transforming the role of the state would lead to substantial gains in productivity," said Roberta Gatti, World Bank Chief Economist for the Middle East and North Africa.

Source: The North Africa Journal October 16, 2024 14:14 UTC