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Middle East / Africa Economic review - August 2011

Economic prospects have taken a downturn in the wake of a weaker US economic recovery, uncertainty about Euro-zone's stability & turmoil in MENA.
According to the International Monetary Fund (IMF), global economic prospects have taken a downturn in the wake of a weaker U.S. economic recovery, uncertainty surrounding the Euro-zone’s fiscal stability and relentless turmoil in the Middle East and North Africa (MENA) region. In recent weeks, the MENA region has been in the spotlight yet again, with the Libyan revolt against Muammar Gaddafi’s 42-year long dictatorship gaining momentum. The IMF has been keeping a close watch on developments in the striferidden country and is yet to determine the uprising’s impact on the Libyan economy.

This report is a summary of South Africa's, Israel's, Egypt's, Morocco's and Jordan's economic stability and outcome.