MENA growth expected to decline to 0.8% in 2020, Egypt to be affected in various sectors: IIF
A global recession will lead to a reduction in trade, foreign direct investment, tourism flows, and remittances to countries in the region, the report added
http://english.ahram.org.eg/NewsContent/3/12/366199/Business/Economy/MENA-growth-expected-to-decline-to–in-,-Egypt-to-.aspxALAHARAM Doaa A.Moneim , Sunday 29 Mar 2020
In oil markets, it's back to 1998 crisis pricing: Reuters Report
The Institute of International Finance (IIF) says it expects growth in the Middle East and North Africa (MENA), particularly in oil-importing countries, to decline by 2.4pps to 0.8 percent in 2020, which would be the lowest point since the early 1990s, according its recent report about COVID-19’s impacts on the region’s economy.