SEDA offers a current snapshot of a countrys sustainable economic development assessment ranking as well as a measure of progress over time and it complements purely economic indicators like GDP. While some MENA economies have maintained what this Update calls unexplained current account balances for several years fiscal policy has.
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Economic diversification is a key element of economic development in which a country moves to a more diverse pro-duction and trade structure.
. Economic growth is set to moderate further in the second quarter amid the fallout from the war in Ukraine even-higher inflation and a weakened currency. A lack of economic diversification is often associated with increased vulnerability to external shocks that can undermine prospects for longer-term economic growth. World Bank expects economic growth in the Middle East and North Africa to continue at a modest pace of about 15 to 35 percent during 2019-2021 with some laggards and a few emerging growth stars.
When addressing critical issues such as nutrition access clean water and the digital divide multilateral solutions arent the only answer. Turkey Economic Outlook. First-quarter economic growth lost some steam due to softer expansions in household consumption amid red-hot inflation and deeply pessimistic sentiment.
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