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  • MENA – Navigating headwinds - Updated Fri December 12, 2014

    • We expect lower oil prices to directly impact the GCC’s growth outlook • Recent oil-price decline is a reminder that government expenditure cannot rise indefinitely • Energy-subsidy reform should become a priority given reduced fiscal heardroom...

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Technology: Reshaping the global economy

Digital technology is transforming the economy and society. Adoption, not invention, has the most economic impact. Technology can lift developed countries if they embrace change. New technologies offer more opportunities than challenges for emerging markets.