Tunisia is expected to record a growth rate of 3% in 2017, 3.7% in 2018 and 4% in 2019. Morocco is expected to post a growth rate of 4% and Algeria’s growth is expected to reach 2.9 percent, according to the latest Global Economic Prospects reported released Tuesday by the World Bank Group.
According to the same WB forecasts, growth in the Middle East and North Africa (MENA) region is expected to improve to 3.1% in 2017 against projected global growth of 2.7%, despite the decline in investment.
The growth of the Saudi economy is expected to be 1.6% in 2017 and Iran’s growth is projected to rise to 5.2%, due to the continuous improvement in oil production and the intensification of foreign investment.
It should be noted that the World Bank’s forecasts are based on the assumption of an oil price of $ 55 per barrel.
According to the same report, the World Bank estimates that the expected improvement in global growth in 2017 comes after the slowdown recorded in 2016 in emerging markets and developing countries commodity exporters, despite strong domestic demand.