2.8 MIDDLE EAST

Due to rising oil prices and increased government spending, in 2018, Middle East oil exporters achieved their best performance in five years. Solid domestic demand, a healthy influx of tourists and policy reform support, as well as overall economic dynamics among oil importing countries are stable. It is expected that the regional economy have grown by 3.2% in 2019 and grow by 3.2% again in 2020.