FX Invest Middle East: Mena region dodges Arab Spring 'curveball'

HSBC's senior economist for the Middle East and North Africa tells delegates at FX Invest conference the region has dealt with two big challenges this year, but it stands in better shape than some developed economies

dubai sunsest

The Middle East and North Africa (Mena) has had to deal with two challenging “curveballs” in 2011 that have stunted its recovery, but the region looks in better shape than it did in 2008, according to a senior economist at HSBC.

Speaking at the FX Invest Middle East conference in Dubai today, Liz Martins, HSBC’s senior economist for the region, said the combination of the Arab Spring and the slowdown in global growth have rendered disappointing a year that had previously looked to be Mena’s year

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