Algeria
Egypt
Israel
Jordan
Lebanon
Libya
Morocco
Palestine *
Syria *
TunisiaEconomic growth forecast at 3.7 per cent for the SEMED region in 2023
The European Bank for Reconstruction and Development (EBRD) is forecasting modest economic growth in 2023 in the southern and eastern Mediterranean (SEMED) region, according to the Bank’s latest Regional Economic Prospects report.
Gross domestic product (GDP) in the SEMED region is expected to grow by an average of 3.7 per cent in 2023 and 3.9 per cent in 2024, slightly below previous forecasts, reflecting delays to structural reforms and increased fiscal and external vulnerabilities.
However, the region’s economies have weathered the challenging global environment relatively well, although high inflation and tighter financing conditions have increased sovereign stress. Higher energy and food prices continue to weigh on household and government finances, although most economies in the region have reverted to fiscal consolidation in 2023.
Countries covered:
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Algeria
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Egypt
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Israel
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Jordan
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Lebanon
-
Libya
-
Morocco
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Palestine *
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Syria *
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Tunisia
