Middle East And North Africa Economic Monitor April 2015
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Middle East And North Africa Economic Monitor April 2015
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Author : Shantayanan Devarajan
language : en
Publisher: World Bank Publications
Release Date : 2015-04-14
Middle East And North Africa Economic Monitor April 2015 written by Shantayanan Devarajan and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-14 with Business & Economics categories.
The economic outlook for the Middle East and North Africa (MENA) region in 2015 is slightly more favorable than in 2013-14, when the region as a whole grew at 3 percent a year. The World Bank group’s latest MENA Economic Monitor projects MENA’s economic growth to average 5.2 percent in 2015 driven by domestic consumption, easing political tensions crowding-in investments in Egypt and Tunisia, and full resumption of oil production in Libya. However the violent conflicts in Syria, Iraq, Gaza, Yemen and Libya with their spillovers to Lebanon and Jordan could make MENA’s economic prospects bleak. The report has a special focus on the corrosive nature of the large energy subsidies in MENA. The MENA region is currently experiencing growth below potential, high unemployment, urban air pollution and congestion, and severe water scarcity that is undermining agriculture. The report shows how energy subsidies have contributed to these development challenges. Reforming these subsidies, therefore, should be one of the highest priorities of policymakers.
Middle East And North Africa Economic Monitor April 2015
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language : en
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Release Date : 2015
Middle East And North Africa Economic Monitor April 2015 written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
The economic outlook for the Middle East and North Africa (MENA) region in 2015 is slightly more favorable than in 2013-14, when the region as a whole grew at 3 percent a year. The World Bank group's latest MENA Economic Monitor projects MENA's economic growth to average 5.2 percent in 2015 driven by domestic consumption, easing political tensions crowding-in investments in Egypt and Tunisia, and full resumption of oil production in Libya. However the violent conflicts in Syria, Iraq, Gaza, Yemen and Libya with their spillovers to Lebanon and Jordan could make MENA's economic prospects bleak. The report has a special focus on the corrosive nature of the large energy subsidies in MENA. The MENA region is currently experiencing growth below potential, high unemployment, urban air pollution and congestion, and severe water scarcity that is undermining agriculture. The report shows how energy subsidies have contributed to these development challenges. Reforming these subsidies, therefore, should be one of the highest priorities of policymakers.
Middle East And North Africa Economic Monitor April 2016
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Author : Shantayanan Devarajan
language : en
Publisher: World Bank Publications
Release Date : 2016-04-11
Middle East And North Africa Economic Monitor April 2016 written by Shantayanan Devarajan and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-11 with Business & Economics categories.
The short term economic outlook for the Middle East and North Africa (MENA) region remains “cautiously pessimistic†?. A combination of civil wars and refugee inflows, terrorist attacks, cheap oil, and subdued global economic recovery is expected to keep average growth in the MENA region around 3 percent in 2016, for the fourth year in a row. Furthermore, the humanitarian and economic situation in the war torn countries keep deteriorating. In this report we will explore ways in which a strategy of reconstruction of Syria—the most war-ravaged country in the region—could help foster a sustainable peace. This report argues that the impact of the civil war on the Syrian society will be persistent, and the challenges facing the country need to be addressed now. The report calls for the international community to be the guarantor of an inclusive reconstruction strategy that not only makes peace sustainable tomorrow, but makes it happen today: peace and reconstruction are two sides of the same coin.
Middle East And North Africa Economic Monitor October 2014
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Author : Shantayanan Devarajan
language : en
Publisher: World Bank Publications
Release Date : 2014-11-10
Middle East And North Africa Economic Monitor October 2014 written by Shantayanan Devarajan and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-10 with Business & Economics categories.
The economic outlook for the Middle East and North Africa (MENA) region in 2015 is slightly more favorable than in 2013-14, when the region as a whole grew at 3 percent a year. The World Bank group’s latest MENA Economic Monitor projects MENA’s economic growth to average 5.2 percent in 2015 driven by domestic consumption, easing political tensions crowding-in investments in Egypt and Tunisia, and full resumption of oil production in Libya. However the violent conflicts in Syria, Iraq, Gaza, Yemen and Libya with their spillovers to Lebanon and Jordan could make MENA’s economic prospects bleak. The report has a special focus on the corrosive nature of the large energy subsidies in MENA. The MENA region is currently experiencing growth below potential, high unemployment, urban air pollution and congestion, and severe water scarcity that is undermining agriculture. The report shows how energy subsidies have contributed to these development challenges. Reforming these subsidies, therefore, should be one of the highest priorities of policymakers.
Middle East And North Africa Regional Economic Update April 2014
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Author : Shantayanan Devarajan
language : en
Publisher: World Bank Publications
Release Date : 2014-06-28
Middle East And North Africa Regional Economic Update April 2014 written by Shantayanan Devarajan and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-28 with Business & Economics categories.
Compared with the previous three years, 2014 seems hopeful and 2015 could be a turning point for the countries in the Middle East and North Africa (MENA) region. Many countries in MENA will start to benefit from stronger external demand in the high-income economies, as the global economy is set for a rebound in 2014. In the MENA region, higher global demand is expected to boost exports of energy and manufactured products in those countries that have trade linkages with high- income countries. Growth in MENA is expected to reach 3.3 percent in 2014 and further accelerate to 4.6 percent in 2015. Nevertheless, the prospects for growth in MENA could be threatened if long awaited structural problems remain unresolved.
Middle East And North Africa Quarterly Economic Brief January 2015
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Author : Shantayanan Devarajan
language : en
Publisher: World Bank Publications
Release Date : 2015-01-31
Middle East And North Africa Quarterly Economic Brief January 2015 written by Shantayanan Devarajan and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-01-31 with Business & Economics categories.
In the three months since most observers, including the World Bank, issued their last forecasts, the Middle East and North Africa (MENA) Region has changed substantially. Political tensions have eased somewhat with presidential and legislative elections completed in a few countries. Egypt’s cabinet approved the electoral constituencies’ law, the last step before calling for the House of Representatives elections, the final milestone in the political roadmap initiated in July 2013. Presidential elections were held in Tunisia, with Beji Caid Essebsi sworn in as the new president in December. Iran’s nuclear talks with the P5+1 were extended for 6 months--while bilateral talks continue—with the aim of reaching a deal in July 2015. In Iraq, the government and the Kurdish region reached an agreement in December resolving a longstanding dispute over the budget and distribution of oil revenues. Meanwhile, Lebanon, Yemen and Libya still struggle to maintain a functional government. The global economy is estimated to have expanded by 2.6 percent (q/q annualized rate), better than the second quarter of 2014, but unchanged from the slow pace seen in 2012 and 2013. But the most important development is that international oil prices have literally collapsed, reaching a level below $50 per barrel (Brent crude) in early January, a drop of 50 percent since their peak in mid-June 2014.
Middle East And North Africa Economic Monitor October 2018
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Author : Rabah Arezki
language : en
Publisher: World Bank Publications
Release Date : 2018-10-03
Middle East And North Africa Economic Monitor October 2018 written by Rabah Arezki and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-03 with Business & Economics categories.
"After a sharp fall in 2017, economic growth in MENA is projected to rebound to 3.1 percent in 2018, thanks to the positive global outlook, oil prices stabilizing at relatively higher levels, stabilization policies and reforms, and recovery and reconstruction as conflicts recede. The outlook for MENA remains positive, and the growth rebound is expected to gain momentum over the next two years, exceeding 3 percent in 2020. While stabilization policies have helped economies adjust in recent years, .a second phase of reforms is needed should be transformative if the region is to reach its potential and create jobs for hundred million young people who will enter the labor market in coming decades. In this report, we explore the role that public-private partnerships can play. not only in providing an alternative source of financing but in helping change the role of the state from the main provider of employment to an enabler of private sector activity. Studies have shown that the gap between MENA economies and fast-growing ones is the performance of the services sector. The disruptive technology offers new opportunities for boosting private-sector-led growth through enhancement of high-tech jobs in the services sector. The report argues that combining the region's fast-growing pool of university graduates and a heavy penetration of social media and smartphone, could serve as the foundation for a digital sector that could create much-needed private sector jobs for the youth over the next decade."
Mena Quarterly Economic Brief January 2016
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Author : Shantayanan Devarajan
language : en
Publisher: World Bank Publications
Release Date : 2016-01-29
Mena Quarterly Economic Brief January 2016 written by Shantayanan Devarajan and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-29 with Business & Economics categories.
This issue of the World Bank MENA Quarterly Economic Brief expects growth in the Middle East and North Africa to fall to 2.6 percent in 2015, from 2.8 percent predicted in October. The short term outlook remains “cautiously pessimistic†?. The poor performance of several MENA economies and their dim prospects for the future are mainly driven by the civil wars that have created death, destruction and significant growth shortfalls in both conflict countries and their neighbors. This report examines the different ways in which civil wars affect the economies of the region, including the important channel of forced displacement, which has become a crisis. Moreover, we explore how economic fortunes will turn around if there is peace. The report concludes that under peace settlement, a permanent transition from non democracy to democracy could improve economic growth significantly in the long run.
Middle East And North Africa Economic Monitor October 2016
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Author : Devarajan, Shantayanan
language : en
Publisher: World Bank Publications
Release Date : 2016-08-23
Middle East And North Africa Economic Monitor October 2016 written by Devarajan, Shantayanan and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-23 with categories.
"The year 2016 appears to be one of the toughest for the Middle East and North Africa (MENA) region as their governments face serious policy challenges. The biggest challenge for oil exporters is managing their finances and diversification strategies with oil below $45 a barrel. Fiscal consolidation in a difficult sociopolitical environment and spillovers from conflicts are creating challenges for oil importers as well. Real GOP growth in MENA for 2016 is projected to fall to its lowest level since 2013 -- 2.3 percent -- lower than last year's growth by half a percentage point and about one percentage point lower than predicted in April 2016. It is clear that the disappointing performance of the MENA economies, and possibly the global economy, is partly due to the rise of terrorist attacks and spread of violent extremism. In this report, we attempt to shed light on the underlying causes of this phenomenon by applying an economic perspective to the demand for and supply of violent extremists. Looking at a dataset on foreign fighters joining Daesh, we find that the factors most strongly associated with foreign individuals' joining Daesh have to do with a lack of inclusion -- economic, social and religious -- in their country of origin. Promoting greater inclusion, therefore, could not only bring down the level of violent extremism, but it could improve economic performance in the MENA region."
Middle East And North Africa Economic Monitor October 2014
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Author :
language : en
Publisher:
Release Date : 2014
Middle East And North Africa Economic Monitor October 2014 written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.