Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

MENA Lost Over 5m Jobs to Economic Shocks in 3-Year In the last three years, the Middle East and North Africa (MENA) lost more than 5 million jobs due to economic shocks that ravaged the region, according to the World Bank. In a new report, the multilateral lender said growth of the economies in the region is expected to fall sharply this year. The region’s gross domestic product (GDP) is forecast to plummet to 1.9% in 2023 from 6% in 2022, due to oil production cuts amidst subdued oil prices, tight global financial conditions, and high inflation, according to the…

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