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Least hit by pandemic: Why Arab nations are still enduring economic pain

Structural issues predating the pandemic are inflicting disproportionate pain

Arab nations, Arab economy, Abu Dhabi, port

A cargo port at Abu Dhabi. The global pandemic has exacerbated the region’s already troubled mode of insertion into the world economy

Amr Adly | Bloomberg Abu Dhabi
The International Monetary is predicting the economies in the Arab nations of the Middle East and North Africa will contract by 5.4 per cent in 2020-21 due to the covid-19 pandemic and the collapse in international oil prices. (I’ve left out Lebanon and Libya, because they face exceptional circumstances.) This means the Arab MENA region, despite being among the least affected by the pandemic in terms of confirmed cases and deaths, will suffer disproportionate economic pain.

The IMF’s economic outlook for the world shows that economic contraction has been proportionate to the public-health crisis caused by the pandemic in most

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First Published: Oct 28 2020 | 1:26 AM IST

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