Qatar 2022 Article Iv Consultation Press Release And Staff Report
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International Monetary,International Monetary Fund. Middle East and Central Asia Dept.
Author : International Monetary,International Monetary Fund. Middle East and Central Asia Dept. Publisher : International Monetary Fund Page : 70 pages File Size : 43,8 Mb Release : 2022-06-21 Category : Business & Economics ISBN : 9798400213342
Qatar: 2022 Article IV Consultation-Press Release; and Staff Report by International Monetary,International Monetary Fund. Middle East and Central Asia Dept. Pdf
Swift and decisive policy response to the Covid-19 pandemic has helped to mitigate the health and economic impact of the crisis. Fast vaccination rollout has also strengthened the economy’s resilience to new pandemic waves, paving the way for a speedy recovery. As the economy rebounds, a gradual exit from pandemic support measures is underway.
International Monetary Fund. Middle East and Central Asia Dept.
Author : International Monetary Fund. Middle East and Central Asia Dept. Publisher : International Monetary Fund Page : 87 pages File Size : 48,8 Mb Release : 2024-02-07 Category : Business & Economics ISBN : 9798400266911
Qatar by International Monetary Fund. Middle East and Central Asia Dept. Pdf
After very strong economic performance in 2022, boosted by the successful hosting of the 2022 FIFA World Cup, output growth has been normalizing. High hydrocarbon prices further strengthened fiscal and external positions. Banks are strong, although non-performing loans continued to edge up. Reforms have gained momentum and are expected to intensify under the upcoming Third National Development Strategy.
Canada by International Monetary Fund. Western Hemisphere Dept. Pdf
Canada has come through the pandemic relatively well and, as a commodity exporter, has been hit less hard than many other countries have been by Russia’s war on Ukraine. Nonetheless, inflation is well above target, housing affordability is a major concern following a long boom that may now have peaked, and the pandemic remains a source of risk.
International Monetary Fund. Middle East and Central Asia Dept.
Author : International Monetary Fund. Middle East and Central Asia Dept. Publisher : International Monetary Fund Page : 91 pages File Size : 47,7 Mb Release : 2022-08-17 Category : Business & Economics ISBN : 9798400217371
Saudi Arabia by International Monetary Fund. Middle East and Central Asia Dept. Pdf
Saudi Arabia is recovering strongly from the pandemic-induced recession. Higher oil prices provide an opportunity for accelerating further the strong reform drive brought about under Vision 2030.
Israel: 2022 Article IV Consultation-Press Release and Staff Report by International Monetary,International Monetary Fund. European Dept. Pdf
The Israeli economy has weathered the COVID-19 crisis exceptionally well, but risks are high. With substantial fiscal and monetary support, real GDP growth reached 8.1 percent in 2021, driven by consumption and high-tech exports. The rapid vaccination campaign boosted confidence. The outlook is positive but still subject to high uncertainty.
Paraguay: 2022 Article IV Consultation-Press Release; and Staff Report by International Monetary,International Monetary Fund. Western Hemisphere Dept. Pdf
After two consecutive years of GDP decline driven by external shocks, Paraguay’s economy rebounded in 2021. In 2019, drought and flooding reduced economic growth to -0.4 percent. In 2020, the impact of the pandemic on the secondary and tertiary sectors was partly compensated by a rebound of agriculture and an extensive emergency package, and GDP fell by only 0.8 percent. Growth rebounded to 4.2 percent in 2021, but heatwaves and a severe drought decelerated the recovery and have limited 2022 growth prospects, though a recovery is projected for 2023 and the medium-term. While the loss of agricultural export revenue is affecting Paraguay’s balance of payments in 2022, the external position in 2021 was stronger than the level implied by fundamentals and desirable policies.
International Monetary Fund. Middle East and Central Asia Dept.
Author : International Monetary Fund. Middle East and Central Asia Dept. Publisher : International Monetary Fund Page : 69 pages File Size : 55,7 Mb Release : 2023-06-26 Category : Business & Economics ISBN : 9798400245381
United Arab Emirates by International Monetary Fund. Middle East and Central Asia Dept. Pdf
Economic growth is strong, driven by non-hydrocarbon activity, timely support measures, and the benefits of earlier reforms. Inflation has risen with global trends, while high oil prices support large surpluses in the fiscal and external balances. Banks are adequately capitalized overall, but nonperforming loans remain elevated, albeit down from recent peaks, and real estate prices have risen sharply in some segments. Long-term vulnerabilities from global decarbonization efforts are being addressed through commitments to climate initiatives and a balanced approach to energy transition.
Iceland by International Monetary,International Monetary Fund. European Dept. Pdf
Iceland's economy has weathered multiple shocks since 2019 relatively well. The economic outlook is positive but suggests long-term scarring. The risks are tilted to the downside and are associated with the global impact of a potential escalation in the war in Ukraine, the pandemic, economic disruptions, and tighter global financial conditions. On the upside, tourism and new innovative industries could help the economy recover faster.
Mexico by International Monetary,International Monetary Fund. Western Hemisphere Dept. Pdf
Mexico’s economy has recovered more gradually from the pandemic than many peers. Even so, inflation has accelerated and has become more entrenched, as elsewhere. Domestic and external financial conditions tightened in the past year, while near-term growth prospects for the U.S., Mexico’s main trading partner, have weakened. The risks of capital outflows have risen. These new challenges compound Mexico’s long-standing problems of low growth and high inequality.
International Monetary Fund. Middle East and Central Asia Dept.
Author : International Monetary Fund. Middle East and Central Asia Dept. Publisher : International Monetary Fund Page : 104 pages File Size : 48,5 Mb Release : 2023-09-06 Category : Business & Economics ISBN : 9798400252099
Saudi Arabia by International Monetary Fund. Middle East and Central Asia Dept. Pdf
Saudi Arabia’s economy is booming, unemployment is at a record low, the output gap is closed, inflation is contained, and fiscal and external buffers have been rebuilt. The continuation of Vision 2030 reforms has helped advance the country’s economic diversification agenda, including through reduced reliance on oil.
Belize: 2022 Article IV Consultation-Press Release; and Staff Report by International Monetary,International Monetary Fund. Western Hemisphere Dept. Pdf
The COVID-19 pandemic had a severe impact on Belize in 2020, leading to a 16.7 percent contraction in real GDP and a rise in public debt to an unsustainable level of 133 percent of GDP. To address this situation, the government presented a medium-term plan to lower public debt to 85 percent of GDP in 2025 and 70 percent in 2030 by implementing fiscal consolidation, structural reforms, and debt restructuring. Significant progress towards restoring debt sustainability was made in 2021.
Key Challenges Faced by Fossil Fuel Exporters During the Energy Transition by Diego Mesa Puyo,Augustus J Panton,Tarun Sridhar,Martin Stuermer,Christoph Ungerer,Alice Tianbo Zhang Pdf
The global energy transition is affecting fossil fuel exporters from multiple angles. It is adding to longstanding uncertainties on relative movements of fossil fuel demand and supply—which impact fossil fuel-related exports, fiscal flows, investment and subsequently external and fiscal accounts, economic growth, and employment. While policymakers are very familiar with these challenges, they now also face expectations of a permanent decline in the long-run global demand for fossil fuels. Key factors that could determine country-level impacts include (i) the type of fossil fuel a country exports (ii) extraction costs and (iii) country characteristics. The monitoring and mitigation of fiscal risks will need to be stepped up. Fiscal policy also has a role in reducing domestic emissions, encouraging adoption of low-carbon technologies, and helping those most vulnerable to changes from the transition. Broader macroeconomic risks can be reduced by accelerating ongoing structural reforms that support alternative engines of growth. Low- or zero-carbon emission energy industries could offer new avenues that build on existing fossil fuel knowledge and infrastructure. Concurrently, improved financial regulation and supervision could reduce financial sector exposures. Finally, international coordination on the design and implementation of climate policy as well as international transfer schemes (financing and capacity development) could reduce uncertainties surrounding the transition path and associated adverse economic consequences.
Strong policy actions helped mitigate the fallout from the COVID-19 pandemic, and the economic recovery is gaining traction, supported by revival in the hydrocarbon sector and the relaxation of social restrictions. CPI inflation has been contained thus far, partly reflecting administered prices and caps on selected fuel prices. Fiscal and external buffers have increased, supported by higher hydrocarbon revenues and substantial fiscal adjustment under the authorities' Medium-Term Fiscal Plan (MTFP). The authorities remain committed to fiscal consolidation notwithstanding oil revenue windfalls and social pressures. Financial soundness indicators appear healthy, benefiting from the strong buffers before entering the crisis and prudent central bank oversight. A broad range of structural reforms are being implemented under Oman Vision 2040. However, downside risks, notably from global sources, dominate in the short run.
International Monetary Fund. Asia and Pacific Dept
Author : International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 76 pages File Size : 40,9 Mb Release : 2022-12-15 Category : Business & Economics ISBN : 9798400227103
Philippines by International Monetary Fund. Asia and Pacific Dept Pdf
A new administration took office in July with a blueprint to secure an inclusive, sustainable, and green recovery. While the economy remains fundamentally sound, the new administration will face three important challenges: (1) striking the right policy mix to secure the recovery and safeguard price stability; (2) building fiscal buffers as insurance against downside risks; and (3) raising the Philippine’s long-term growth.
International Monetary,International Monetary Fund. Asia and Pacific Dept
Author : International Monetary,International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 135 pages File Size : 44,6 Mb Release : 2022-04-28 Category : Business & Economics ISBN : 9798400206696
Malaysia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malaysia by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf
Malaysia’s economy is showing signs of a gradual yet steady recovery thanks to the authorities’ impressive vaccine rollout, swift and coordinated implementation of multi-pronged support measures. The recovery nevertheless remains uneven and the output gap sizeable, with significant downside risks. Going forward, the authorities should calibrate macroeconomic policies to the pace of the recovery, while preserving policy space given pandemic-related uncertainties, and simultaneously accelerate structural reforms.
