Author: Scott Livermore
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MENA | Can Egypt’s Inflation Drop Spark a Rate Cut?
Video | 13 Mar 2025 Scott Livermore Chief Economist, Oxford Economics Middle East, and Managing Director Egypt’s headline inflation tumbled to 12.8% in February from 24% in January, falling to a three-year low. The sharp decline was mostly driven by base effects, effective economic reforms, and a very tight monetary policy stance over the past…
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MENA | What’s Next for Saudi Arabia & Israel’s Economies?
Video | 20 Feb 2025 Scott Livermore Chief Economist, Oxford Economics Middle East, and Managing Director Saudi Arabia’s fiscal deficit widened to 2.8% of GDP in 2024, broadly in line with our expectations. With both non-oil sectors’ momentum holding and oil revenues expected to gradually rise this year, our forecast of a narrowing deficit to…
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MENA | $600bn Pledge: Can Saudi-US Ties Strengthen?
Video | 30 Jan 2025 Scott Livermore Chief Economist, Oxford Economics Middle East, and Managing Director Saudi Arabia has pledged $600bn in investments in the US over four years, aiming to strengthen economic ties. While specifics remain unclear, the announcement follows positive trade developments, including a 7% annual growth in services trade. Imports climbed 14%…
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MENA | What’s Driving MENA’s Economic Comeback?
Video | 05 Dec 2024 Scott Livermore Chief Economist, Oxford Economics Middle East, and Managing Director Turkey’s inflation fell to 47.1% in November, marking the lowest reading since mid-2023 and the 6th consecutive month of decline. However, the slowdown again disappointed against market expectations. We now anticipate inflation falling to 45.7% by the end of…
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MENA | Can Egypt Curb Inflation While the UAE Takes Bold Climate Steps?
Video | 14 Nov 2024 Scott Livermore Chief Economist, Oxford Economics Middle East, and Managing Director Egypt’s inflation edged higher again in October, increasing to 26.5%. The rise in inflation since August has been driven by the lowering of subsidies on several basic items, including bread, fuel, and electricity. We think inflation will hover around…