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MENA: Fear of Recession Lingers Despite Signs of Economical Recovery
June 9th, 2020 - 11:00 GMT

MENA: Fear of Recession Lingers Despite Signs of Economic Recovery

Latest activity indicators in the Mena region have improved reflecting an easing in lockdowns, although they remain below pre-crisis levels, said Japan-based Mitsubishi UFJ Financial Group (MUFG), a leading global financial services group in a new report. May's batch of PMI readings across the Mena region suggests that we are over the worst. A rebound is underway in corporate conditions in Saudi Arabia, the UAE and Egypt, although containment measures ...
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