CATEGORY: OBG Business Barometer
About a month ago the World Bank published a 300-page report on Morocco’s economy that both applauded its resilience and recognised its leading position in the region, while also inviting the government to seriously consider substantial reforms to boost investment.
It’s not difficult to conclude that for the Gulf region’s largest economy the past two years have been far from easy. What many analysts are now terming the new normal for oil prices – somewhere between $50-60 per barrel – has had a dramatic impact on Saudi Arabia’s fiscal position. But what impact is this having on business sentiment in the Kingdom?