For this reason, the World Economic Forum took a “glocal” perspective – assessing the risk landscape from both a global and local point of view – in preparing "The Middle East and North Africa Risks Landscape" briefing paper. These developments hold particular risk for the MENA region, home to trade-dependent economies, where, according to the IMF, the total trade-to-GDP ratio is approximately 66%. In the MENA region, Algeria had the hottest temperature – 51.3ºC – ever reliably recorded across Africa. Governance risks to the MENA regionThe top two risks across the region for doing business are “energy price shock” and “unemployment or underemployment”, according to respondents in the Middle East and North Africa to the Executive Opinion Survey. A risk, or perception, of insecurityRespondents to the Executive Opinion Survey survey ranked “terrorist attacks” as the third leading risk in the Middle East and North Africa.

Source: The North Africa Journal April 05, 2019 08:03 UTC