Regional Economic Outlook, November 2018, Middle East and Central Asia

Regional Economic Outlook, November 2018, Middle East and Central Asia
Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
Total Pages: 80
Release: 2018-10-24
Genre: Business & Economics
ISBN: 1484380185

As in other regions in the world, countries in MENAP and CCA regions are exposed to tightening in global financing conditions and ongoing global trade tensions. The former has already begun to impact several emerging market economies in MENAP and could have more severe implications should financial market sentiment suddenly deteriorate. Escalating global trade tensions will have a limited direct and immediate impact on these regions but could impart significant strains over time through negative effects on trading partners and through market confidence effects.

Regional Economic Outlook, November 2018, Middle East and Central Asia

Regional Economic Outlook, November 2018, Middle East and Central Asia
Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
Total Pages: 80
Release: 2018-10-24
Genre: Business & Economics
ISBN: 1484375386

As in other regions in the world, countries in MENAP and CCA regions are exposed to tightening in global financing conditions and ongoing global trade tensions. The former has already begun to impact several emerging market economies in MENAP and could have more severe implications should financial market sentiment suddenly deteriorate. Escalating global trade tensions will have a limited direct and immediate impact on these regions but could impart significant strains over time through negative effects on trading partners and through market confidence effects.

Regional Economic Outlook, November 2012, Middle East and Central Asia

Regional Economic Outlook, November 2012, Middle East and Central Asia
Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
Total Pages: 131
Release: 2012-11-09
Genre: Business & Economics
ISBN: 1475578377

The outlook for the Middle East and North Africa region is mixed. Oil-importing countries are witnessing tepid growth, and the moderate recovery expected in 2013 is subject to heightened downside risks. For the Arab countries in transition, ongoing political transitions also weigh on growth. With policy buffers largely eroded, the need for action on macroeconomic stabilization and growth-oriented reforms is becoming increasingly urgent. Countries will need to put in place safety nets to protect the poor and build consensus for some difficult fiscal choices. The region’s oil exporters are expected to post solid growth in 2012, in part due to Libya’s better-than-expected postwar recovery. In the countries of the Gulf Cooperation Council, robust growth is supported by expansionary fiscal policies and accommodative monetary conditions. In the Caucasus and Central Asia, the outlook remains favorable, reflecting high oil prices that are benefiting oil and gas exporters, supportive commodity prices and remittance inflows benefiting oil and gas importers, and, for both groups, moderate direct exposure to Europe. The positive outlook provides an opportunity to strengthen policy buffers to prepare for any downside risks.

World Economic Outlook, October 2013

World Economic Outlook, October 2013
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
Total Pages: 657
Release: 2013-10-08
Genre: Business & Economics
ISBN: 1484348834

Global growth is in low gear, and the drivers of activity are changing. These dynamics raise new policy challenges. Advanced economies are growing again but must continue financial sector repair, pursue fiscal consolidation, and spur job growth. Emerging market economies face the dual challenges of slowing growth and tighter global financial conditions. This issue of the World Economic Outlook examines the potential spillovers from these transitions and the appropriate policy responses. Chapter 3 explores how output comovements are influenced by policy and financial shocks, growth surprises, and other linkages. Chapter 4 assesses why certain emerging market economies were able to avoid the classical boom-and-bust cycle in the face of volatile capital flows during the global financial crisis.

The Finance and Growth Nexus Re-Examined

The Finance and Growth Nexus Re-Examined
Author: Mr.Adolfo Barajas
Publisher: International Monetary Fund
Total Pages: 47
Release: 2013-05-29
Genre: Business & Economics
ISBN: 1484378962

A large theoretical and empirical literature has focused on the impact of financial deepening on economic growth throughout the world. This paper contributes to the literature by investigating whether this impact differs across regions, income levels, and types of economy. Using a rich dataset for 150 countries for the period 1975–2005, dynamic panel estimation results suggest that the beneficial effect of financial deepening on economic growth in fact displays measurable heterogeneity; it is generally smaller in oil exporting countries; in certain regions, such as the Middle East and North Africa (MENA); and in lower-income countries. Further analysis suggests that these differences might be driven by regulatory/supervisory characteristics and related to differences in the ability to provide widespread access to financial services.

World Economic Outlook, October 2020

World Economic Outlook, October 2020
Author: International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
Total Pages: 203
Release: 2020-10-13
Genre: Business & Economics
ISBN: 9781513556055

The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April. But with the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some are reinstating partial lockdowns to protect susceptible populations. While recovery in China has been faster than expected, the global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks.

Green Finance and Investment Sustainable Infrastructure for Low-Carbon Development in Central Asia and the Caucasus Hotspot Analysis and Needs Assessment

Green Finance and Investment Sustainable Infrastructure for Low-Carbon Development in Central Asia and the Caucasus Hotspot Analysis and Needs Assessment
Author: OECD
Publisher: OECD Publishing
Total Pages: 274
Release: 2019-12-19
Genre:
ISBN: 9264628347

This report analyses planned infrastructure projects, decision-making frameworks related to infrastructure development and strategic planning documents in eight countries in Central Asia and the Caucasus: Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Mongolia, Tajikistan, Turkmenistan and Uzbekistan.

Global Economic Prospects, June 2021

Global Economic Prospects, June 2021
Author: World Bank
Publisher: World Bank Publications
Total Pages: 339
Release: 2021-08-03
Genre: Business & Economics
ISBN: 1464816662

The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.

The New Regional Order in the Middle East

The New Regional Order in the Middle East
Author: Sara Bazoobandi
Publisher: Springer Nature
Total Pages: 152
Release: 2019-09-19
Genre: Political Science
ISBN: 3030278859

This book examines some of the driving forces of change in the Middle East and aims to provide a regional outlook. The political and social events of the past years have significantly affected the regional structure across the Middle East, evident in socio-economic systems, security framework and the balance of power across the area. Each chapter focuses on one of the driving forces of change, including the Iran Nuclear Deal, the role of external powers, energy and its political and economic role in the region, the regional balance of power struggle amongst the key regional players and the socio-economic challenges across the region.

Reforms and External Imbalances

Reforms and External Imbalances
Author: Rabah Arezki
Publisher: World Bank Publications
Total Pages: 58
Release: 2019-03-28
Genre: Business & Economics
ISBN: 1464814082

World Bank economists expect GDP growth in the Middle East and North Africa (MENA) to continue at a modest pace of 1.5 percent in 2019, slightly down from 1.6 percent in 2018. The declme reflects a contraction in one large economy, which more than offsets growth in other countries. In the medium term, the World Bank expects real GDP in the MENA to grow at 3.4 percent and 2.7 percent in 2020 and 2021, respectively. The expected upswing is partially driven by ongoing policy reforms, as well as reconstruction efforts in some countries. However, MENA's modest recovery will be insufficient to change its historically low growth in per capita GDP. External factors are unlikely to pull the region out of its low-growth equilibrium. In addition, many countries in the region have persistent current account deficits. A recent deterioration in external balances across MENA constrained the region's ability to finance these deficits. Although the region has a low risk of experiencing sudden reversals in capital inflows in the short run, structural reforms capable of raising aggregate labor productivity are urgently needed to gradually reduce external imbalances. The report concludes by providing examples of reforms in fiscal policies, trade-related policies, social protection and labor markets, and state-owned enterprises (SOEs) in network industries.