By launching a subsidiary in Abu Dhabi, Hungary’s Wizz Air has made a statement of intent. Until recently, it was the Gulf airlines looking to invest in Central and Eastern Europe (CEE), rather than vice-versa. But Wizz Air has been able to leverage its success on the growing CEE market to look globally. Within CEE, the rise of low-cost carriers like Wizz Air is helping spur consolidation, with more successful flag carriers seeking inorganic growth and economies of scale.
The Middle East and North Africa: a region divided by oil
The October 2018 Word Economic Outlook (WEO) published by the International Monetary Fund (IMF) has downgraded its April global growth forecast by 0.2 percentage point to reach 3.7% for 2018-2019. The present analysis by Castlereagh Associates looks at what lower growth expectations mean for the Middle East and North Africa.