Arab Economic Growth Projections 2019: Lebanon the Worst and Djibouti the Best

  • Beirut, Lebanon
  • 11 October 2019
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The World Bank predicted in a report entitled “Rising to a higher-level: promoting fair competition in the Middle East and North Africa”, Djibouti topped the list of Arab countries with 7.2% growth this year, followed by Egypt with 5.6%, Libya with 5.5%, and Iraq with 4.8%.

Morocco will come in fifth place with a growth rate of 2.7%, followed by Jordan sixth by 2.2%, and Yemen by seventh by 2.1%, in the eighth place Qatar is 2%, Bahrain is ninth by 1.8% and the UAE shares this rank for the same and in the tenth place Kuwait is expected growth of 1.5%, after which comes Algeria (1.3%), Palestine (West Bank and Gaza Strip) are the same, Saudi Arabia is 11th with a 0.5% growth, and last among Arab countries that are expected to achieve positive growth this year, Oman is a slight 0.3%, Lebanon is next, with the World Bank forecasting a 0.2 percent contraction.

Source (Al-Arabi Al-Jadeed Newspaper, Edited)

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