Arnaud Piorkowski Dec 8, 2021 1 min Africa is another emerging market opportunity With more than 50 markets, each being socially, culturally, politically, and economically unique, Africa is anything but another emerging-market opportunity. The middle class and affluent segments of Africa’s population are expanding fast. Through 2035, annual growth rate in sub-Saharan Africa is expected to be at 12%. Private consumption is also expected to increase at 5% per annum within Africa’s eight largest markets. Additionally, by 2050 five of the 10 countries with the largest...
Arnaud Piorkowski Dec 8, 2021 1 min GCC countries back to growth after Covid contraction After several months of Economic downturn, GCC (Gulf Cooperation Council) is expected to reverse the trend with a 2.2% growth in 2021, versus a 4.8% GDP contraction in 2020. This recovery is mainly driven by the improved global economy and the increase in global oil demand and prices. Saudi Arabia, mid-term growth is expected to reach 3%, driven by oil demand as well as its internal economy transformation. United Arab Emirates will benefit from government expenditure, and the Expo 2020 effect...