The Middle East and North Africa (MENA) region has been resilient despite ongoing geopolitical uncertainty and rising inflation, according to Franklin Templeton’s Dino Kronfol and Salah Shamma. While Ukraine and Russia are remote from the region and linkages are not direct nor easy to identify, they give their views on how local economies are faring amid the volatility.
The economic fallout from COVID-19 hit oil-exporting countries hard. Global Sukuk and MENA Fixed Income’s Dino Kronfol and Franklin Templeton Emerging Markets Equity’s Salah Shamma are nonetheless optimistic about the prospects for the Middle East and North Africa (MENA) region. They say a recovery could gather pace for the rest of 2021 on the back of sweeping structural reforms.
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