Middle East And North Africa Economic Developments And Prospects October 2013

Author : World Bank
Publisher : World Bank Publications
Page : 75 pages
File Size : 40,9 Mb
Release : 2013-10-10
Category : Business & Economics
ISBN : 9781464801143

Get Book

Middle East and North Africa Economic Developments and Prospects, October 2013 by World Bank Pdf

The post-revolutionary economies of MENA - Egypt, Tunisia, Libya and Yemen - have been recovering after a period of growth decelerations in 2011. In Egypt and Tunisia, the growth dips of 2011 were less dramatic than the declines observed during previous transitions. The recovery has been relatively quick but the transition process is far from complete and uncertainty about the political and reform process remains a binding constraint to private investment. Consequently, post-transition growth is below potential and is lower than growth prior to the Arab Spring, with negative consequences for employment and poverty. Events in the post-revolution economies have affected other countries in MENA. Macroeconomic fundamentals weakened in most developing MENA countries in 2011-12 as growth slowed and governments responded to social pressures with expansionary fiscal policies. The regional growth outlook for 2013 reflects weaker expected global economic activity, especially in the EU, and moderating oil prices. Regional economic growth is expected to decelerate to 3.5% in 2013 from 5.5% in 2012. Prolonged political and policy uncertainty and social unrest are serious downside risks to the outlook.

Author : Anonim
Publisher : Unknown
Page : 73 pages
File Size : 49,8 Mb
Release : 2013
Category : Electronic
ISBN : OCLC:910091731

Get Book

Middle East and North Africa Economic Developments and Prospects, October 2013 by Anonim Pdf

The post-revolutionary economies of MENA - Egypt, Tunisia, Libya and Yemen - have been recovering after a period of growth decelerations in 2011. In Egypt and Tunisia, the growth dips of 2011 were less dramatic than the declines observed during previous transitions. The recovery has been relatively quick but the transition process is far from complete and uncertainty about the political and reform process remains a binding constraint to private investment. Consequently, post-transition growth is below potential and is lower than growth prior to the Arab Spring, with negative consequences for employment and poverty. Events in the post-revolution economies have affected other countries in MENA. Macroeconomic fundamentals weakened in most developing MENA countries in 2011-12 as growth slowed and governments responded to social pressures with expansionary fiscal policies. The regional growth outlook for 2013 reflects weaker expected global economic activity, especially in the EU, and moderating oil prices. Regional economic growth is expected to decelerate to 3.5% in 2013 from 5.5% in 2012. Prolonged political and policy uncertainty and social unrest are serious downside risks to the outlook.

Author : WORLD BANK
Publisher : World Bank Publications
Page : 48 pages
File Size : 52,6 Mb
Release : 2012-10-27
Category : Africa, North
ISBN : 9780821398074

Get Book

Middle East and North Africa Economic Developments and Prospects, October 2012 by WORLD BANK Pdf

The post-revolutionary economies of MENA - Egypt, Tunisia, Libya and Yemen - have been recovering after a period of growth decelerations in 2011. In Egypt and Tunisia, the growth dips of 2011 were less dramatic than the declines observed during previous transitions. The recovery has been relatively quick but the transition process is far from complete and uncertainty about the political and reform process remains a binding constraint to private investment. Consequently, post-transition growth is below potential and is lower than growth prior to the Arab Spring, with negative consequences for employment and poverty. Events in the post-revolution economies have affected other countries in MENA. Macroeconomic fundamentals weakened in most developing MENA countries in 2011-12 as growth slowed and governments responded to social pressures with expansionary fiscal policies. The regional growth outlook for 2013 reflects weaker expected global economic activity, especially in the EU, and moderating oil prices. Regional economic growth is expected to decelerate to 3.5% in 2013 from 5.5% in 2012. Prolonged political and policy uncertainty and social unrest are serious downside risks to the outlook.

Author : Roberta Gatti,Daniel Lederman,Asif Islam,Rachel Yuting Fan,Christina Wood,Rana Lotfi,Ha Nguyen,Mennatallah Mousa
Publisher : World Bank Publications
Page : 72 pages
File Size : 50,8 Mb
Release : 2022-04-11
Category : Business & Economics
ISBN : 9781464818653

Get Book

Reality Check by Roberta Gatti,Daniel Lederman,Asif Islam,Rachel Yuting Fan,Christina Wood,Rana Lotfi,Ha Nguyen,Mennatallah Mousa Pdf

The Middle East and North Africa economies face an uncertain recovery. The war in Ukraine presents significant challenges to the global economy and the MENA region. Inflationary pressures brought about by the pandemic are likely to be further exacerbated by the conflict. The potential for rising food prices is even higher, which is likely to hurt the wallets of the poor and vulnerable in the region. The COVID-19 pandemic continues to cast a shadow. As the latest variant sweeps over the region, countries grapple with a host of problems depending on initial conditions and policy priorities. The region, like the rest of the world, is not out of the woods yet. Vaccinations remain the effective path out of the pandemic, leading to lower hospitalizations and death rates. Testing helps curb the spread. During times of uncertainty, it is important to not be overconfident about the region’s growth prospects. Growth forecasts serve as a significant signpost for policymakers to chart a path forward. Over the last decade, growth forecasts in the MENA region have often been inaccurate and overly optimistic, which can lead to economic contractions down the road due to ebullient borrowing. There is considerable room for the region to improve its forecasts that are largely hindered by opaque data systems, growth volatility and conflict. The MENA region lags considerably in the timely production of credible statistics. A key finding of the report is that the best way to improve forecasters is to provide forecasters with as much good quality information as possible.

Author : Rabah Arezki,Blanca Moreno-Dodson,Rachel Yuting Fan,Romeo Gansey,Ha Nguyen,Minh Cong Nguyen,Lili Mottaghi,Constantin Tsakas,Christina Wood,Nelly El-Mallakh
Publisher : World Bank Publications
Page : 120 pages
File Size : 41,7 Mb
Release : 2020-10-06
Category : Business & Economics
ISBN : 9781464816390

Get Book

Trading Together by Rabah Arezki,Blanca Moreno-Dodson,Rachel Yuting Fan,Romeo Gansey,Ha Nguyen,Minh Cong Nguyen,Lili Mottaghi,Constantin Tsakas,Christina Wood,Nelly El-Mallakh Pdf

Part I of this report discusses the short- and medium-term growth prospects for countries in the Middle East and North Africa (MENA). The region is expected to grow at a subdued rate of 0.6 percent in 2019, rising to 2.6 percent in 2020 and 2.9 percent in 2021. The growth forecast for 2019 is revised down by 0.8 percentage points from the April 2019 projection. MENA’s economic outlook is subject to substantial downside risks—most notably, intensified global economic headwinds and rising geopolitical tensions. Part II argues that promoting fair competition is key for MENA countries to complete the transition from an administered to a market economy. Part II first examines current competition policies in MENA countries and to promote fair competition calls for strengthening competition law and enforcement agencies. It also calls for corporatizing state-owned enterprises, promoting the private sector and creating a level-playing field between them. Any moves to reform MENA economies would be aided by professional management of public assets, which could tap into a new source of national wealth.

Author : Rabah Arezki,Lili Mottaghi,Andrea Barone
Publisher : World Bank Publications
Page : 98 pages
File Size : 54,8 Mb
Release : 2018-10-03
Category : Business & Economics
ISBN : 9781464813672

Get Book

Middle East and North Africa Economic Monitor, October 2018 by Rabah Arezki,Lili Mottaghi,Andrea Barone Pdf

"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."

Author : Shantayanan Devarajan,Lili Mottaghi
Publisher : World Bank Publications
Page : 11 pages
File Size : 41,8 Mb
Release : 2014-06-28
Category : Business & Economics
ISBN : 9781464803963

Get Book

Middle East and North Africa Quarterly Economic Brief, July 2013 by Shantayanan Devarajan,Lili Mottaghi Pdf

While the focus has been on the recent change in government in Egypt, five countries in the Middle East and North Africa Region, including Egypt, Tunisia, Lebanon, Jordan and Iran are facing a growth slowdown, rising fiscal deficits and debt, and high unemployment and inflation. Continued political turmoil in Egypt and spillovers from the civil war in Syria to Jordan and Lebanon threaten to make their economic situation worse. While easing political tensions in Tunisia and post-election improvements in Iran’s international relations may help these countries, the overall macroeconomic outlook in all five countries for the rest of 2013 is grim.

Author : Mr.Hamid R Davoodi,Mr.George T. Abed
Publisher : International Monetary Fund
Page : 44 pages
File Size : 50,9 Mb
Release : 2003-09-05
Category : Business & Economics
ISBN : 1589062299

Get Book

Challenges of Growth and Globalization in the Middle East and North Africa by Mr.Hamid R Davoodi,Mr.George T. Abed Pdf

The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.

Author : Mohamed Sami Ben Ali
Publisher : Springer
Page : 227 pages
File Size : 44,8 Mb
Release : 2016-01-26
Category : Business & Economics
ISBN : 9781137480668

Get Book

Economic Development in the Middle East and North Africa by Mohamed Sami Ben Ali Pdf

Using cases on individual countries, Economic Development in the Middle East and North Africa offers diverse theoretical and empirical evidence on a variety of issues facing policymakers, investors, and other stakeholders in the region.

Author : Shantayanan Devarajan,Lili Mottaghi
Publisher : World Bank Publications
Page : 56 pages
File Size : 44,5 Mb
Release : 2015-04-14
Category : Business & Economics
ISBN : 9781464806087

Get Book

Middle East and North Africa Economic Monitor, April 2015 by Shantayanan Devarajan,Lili Mottaghi Pdf

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.

Author : Julia Devlin,Julia C. Devlin
Publisher : World Scientific
Page : 566 pages
File Size : 42,7 Mb
Release : 2010
Category : Business & Economics
ISBN : 9789812793454

Get Book

Challenges of Economic Development in the Middle East and North Africa Region by Julia Devlin,Julia C. Devlin Pdf

Ch. 1. Is MENA exceptional? ch. 2. State formation, consolidation, and development, 1960s-1980s -- ch. 3. Toward greater use of markets and the global economy? -- ch. 4. Oil, OPEC, and the challenges of surplus management -- ch. 5. Water scarcity and agricultural policy in the MENA region -- ch. 6. Building a new future : development in the post-conflict context and post-disaster recovery -- ch. 7. Is the MENA region "open" for business? -- ch. 8. Making global integration work for MENA countries -- ch. 9. Are market disciplines sufficient? Industrial policy and technology transfer -- ch. 10. The keys to the future : human capital development in the MENA region -- ch. 11. Are MENA's labor markets the key to growth? -- ch. 12. Closing the poverty gap in MENA -- ch. 13. Development assistance and its effectiveness in MENA countries -- ch. 14. Pathways to future prosperity.

Author : Alessandro Romagnoli,Luisa Mengoni
Publisher : Routledge
Page : 361 pages
File Size : 45,6 Mb
Release : 2013-11-12
Category : Business & Economics
ISBN : 9781134447329

Get Book

The Economic Development Process in the Middle East and North Africa by Alessandro Romagnoli,Luisa Mengoni Pdf

Offering a comprehensive analysis of the development of economies in the Middle East and North Africa over the past half century, this book charts the progress of these countries through an examination of an Islamic model of economic development, reform processes, and economic integration. Far from being a simple process, economic development in the Middle East and North Africa is dependent on the interaction of a set of changing systems including; international relations, the political regime, economy, and society. By analysing these interdependent factors, The Economic Development Process in MENA seeks to provide answers to the most pressing issues facing the economies in this area. Providing an interpretation of regional development in light of dialectics between state and society, this book will be of value to students and scholars with an interest in the Middle East, Economics, and International Relations.

Author : Mohamed Sami Ben Ali
Publisher : Palgrave Macmillan
Page : 227 pages
File Size : 52,8 Mb
Release : 2014-01-14
Category : Business & Economics
ISBN : 1349559180

Get Book

Economic Development in the Middle East and North Africa by Mohamed Sami Ben Ali Pdf

Using cases on individual countries, Economic Development in the Middle East and North Africa offers diverse theoretical and empirical evidence on a variety of issues facing policymakers, investors, and other stakeholders in the region.

Author : Anonim
Publisher : Unknown
Page : 11 pages
File Size : 53,6 Mb
Release : 2014
Category : Electronic
ISBN : OCLC:910091736

Get Book

Middle East and North Africa Quarterly Economic Brief, July 2013 by Anonim Pdf

Author : Mustapha K. Nabli
Publisher : World Bank Publications
Page : 500 pages
File Size : 46,9 Mb
Release : 2007
Category : Business & Economics
ISBN : OSU:32435080346372

Get Book

Breaking the Barriers to Higher Economic Growth by Mustapha K. Nabli Pdf

"The world's attention to the countries of the Middle East and North Africa (MENA) region has often been dominated by headline issues: conflict, sanctions, political turmoil, and rising oil prices. Breaking the Barriers reflects the collected thinking of the World Bank's Office of the Chief Economist for the MENA Region on the long-term development challenges facing the region and the reform priorities and strategies for effectively meeting these challenges."--Jacket.