ESCWA Publication: E/ESCWA/CL3.SEP/2024/1/Summary
Country: Arab region, People’s Democratic Republic of Algeria, Kingdom of Bahrain, Union of the Comoros, Republic of Djibouti, Arab Republic of Egypt, Republic of Iraq, Hashemite Kingdom of Jordan, State of Kuwait, Lebanese Republic, State of Libya, Islamic Republic of Mauritania, Kingdom of Morocco, Sultanate of Oman, State of Palestine, State of Qatar, Kingdom of Saudi Arabia, Federal Republic of Somalia, Republic of Sudan, Syrian Arab Republic, Republic of Tunisia, United Arab Emirates
Publication Type: Flagship publications
Cluster: Shared Economic Prosperity
Focus Area: 2030 Agenda, Debt and fiscal policy, Financing for development, Macroeconomics, Natural resource sustainability
Initiatives: Development challenges, Arab Financing for Development Scorecard, Arab Financing for Development Gateway, Debt Optimization to Enhance Fiscal Space
SDGs: Agenda 2030, Goal 7: Affordable and Clean Energy, Goal 8: Decent Work and Economic Growth
Keywords: Algeria, Arab countries, Bahrain, Comoros, Debt, Djibouti, Economic development, Economic forecasts, Egypt, Financial aspects, Gross domestic product, Inflation, Iraq, Jordan, Kuwait, Labour market, Lebanon, Libya, Macroeconomics, Mauritania, Morocco, Natural gas, Oman, Petroleum prices, Phosphates, Poverty, Qatar, Saudi arabia, Social development, Somalia, State of palestine, Sudan, Syrian arab republic, Territories occupied by israel, Tunisia, Ukraine, Unemployment, United arab emirates, War
Survey of economic and social developments in the Arab region 2023–2024: Summary
October 2024
This summary of the 2023–2024 ESCWA survey of economic and social developments in the Arab region considers the impact of the latest developments in the global economy on the Arab region. The 2024–2025 outlook for the region is clouded by uncertainties. The war on Gaza, for instance, has entered its seventh month, and its repercussions on neighbouring countries and on international trade are intensifying. At the same time, persistently high interest rates mean that countries in the region are still suffering from increased borrowing costs. Some countries are facing challenging economic conditions, armed conflicts and high levels of poverty. The fiscal position of many countries remains difficult, with a decline in global energy prices threatening debt sustainability.
Related content
2030 Agenda
, Debt and fiscal policy
, Financing for development
, Macroeconomics
, Natural resource sustainability
,
This summary of the 2023–2024 ESCWA survey of economic and social developments in the Arab region considers the impact of the latest developments in the global economy on the Arab region. The 2024–2025 outlook for the region is clouded by uncertainties. The war on Gaza, for instance, has entered its seventh month, and its repercussions on neighbouring countries and on international trade are intensifying. At the same time, persistently high interest rates mean that countries in the region are still suffering from increased borrowing costs. Some countries are facing challenging economic conditions, armed conflicts and high levels of poverty. The fiscal position of many countries remains difficult, with a decline in global energy prices threatening debt sustainability.
