- We that expect goods imports will face a more gradual recovery as partial lockdown measures remain in place and fiscal consolidation dampens
主要观点：Kuwait outperforms in our Autos Sales Risk/Reward Index for the region and mirrors other wealthy Middle East and North Africa countries in terms of low tax rates and small, wealthy populations. However, its restrictive regulatory environment and unfavourable competitive landscape prevent it from climbing the
- The aftermath of an explosion in Beirut, Lebanon will restrict medical device imports to the country.
- Following the crisis in Beirut, cases of Covid-19 are spiking and will exacerbate the strain on the healthcare system.
- Medical Device Industry Risks will remain high in Lebanon without increased
- We at Fitch Solutions expect Abu Dhabi’s economy will contract by 6.0% in 2020, the sharpest drop in growth in more than a decade.
- A contraction in oil production owing to the UAE’s commitment to curb its output in line with the fresh OPEC+ agreement will weigh on growth in the near term.
- At Fitch Solutions, we forecast that Syria’s economy will contract by 8.5% in 2020 – the country’s worst performance since 2013.
- A sharp depreciation in the exchange rate and the subsequent surge in domestic prices will continue to lower living standards, resulting in a deepening slump in household
- This revision is due to higher energy price forecasts from our Oil & Gas team and our belief that imports will fall further than we had originally thought due to falling domestic
- The Middle East & North Africa's (MENA) competitive landscape features a diverse mix of global construction companies in project roles, with major Asian contractors undertaking key project roles alongside domestic contractors.
- Domestic financiers account for the bulk of project financing in the region
- MENA will benefit from the trend of global supply chain diversification away from China, even despite somewhat higher labour costs than major Asian manufacturers, given geographic proximity and preferential trade access to the large European consumer market.
- In terms of textile and apparel manufacturing
- Bahrain will suffer from a 'double whammy' of external shocks in the near term in the form of sharply lower oil prices and the spread of Covid-19, which will be damaging for both business and consumer spending on vehicles.
- Local business appetite for spending in areas such as fleet renewal will be highly