Middle East Monitor

Comprehensive country-by-country macroeconomic analysis, risk appraisals, latest market data and forecasts for the Middle East

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Key stories from this month's issue...

Economic Analysis - External Account Dynamics Precarious Despite Recent Rebalancing - AUG 2016

East Med June 2016 / Turkey / Economy

Rising energy prices and loose monetary policy will spell the end of Turkey's external rebalancing, leaving the current account deficit precariously wide at just under 5.0% of GDP in the coming years. Low real interest rates, a volatile political backdrop and upcoming US Federal Reserve interest rate hikes mean financing risks and the potential for destabilising bouts of capital flight remain elevated.

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Industry Forecast - Banks Facing An Increasingly Challenging Environment - AUG 2016

Gulf June 2016 / Bahrain / Economy

Bahraini banks will continue to face tightening liquidity over the coming quarters, given lower oil prices and weaker corporate and household earnings constraining lending opportunities. Beyond 2016, the resilience of the tourism and construction sectors, alongside banks' overseas operations, will provide some relief to the banking sector.

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