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Can the Middle East and North Africa Break the Vicious Cycle of Low Growth and Political Instability?

Lili Mottaghi's picture
Also available in: العربية | Français
Arne Hoel

The announcement comes at a time when growth is slow, unemployment is high and the economy is still suffering from already ballooning subsidies -amounting to 9 percent of GDP- that have kept Egypt’s fiscal deficit at an exceptionally high 13.7 percent of GDP.  At least seven countries in the Middle East and North Africa Region —including all those in transition after the Arab Spring (such as Egypt)--are trapped in a low-growth-poor-policy loop.