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Middle East and North Africa Economic Monitor, April 2015

2015-04-14 Business & Economics
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Release : 2015-04-14
Genre : Business & Economics
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Book Synopsis Middle East and North Africa Economic Monitor, April 2015 by : Shantayanan Devarajan

Download or read book Middle East and North Africa Economic Monitor, April 2015 written by Shantayanan Devarajan. This book was released on 2015-04-14. Available in PDF, EPUB and Kindle. Book excerpt: 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

2015
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Release : 2015
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Book Synopsis Middle East and North Africa Economic Monitor April 2015 by :

Download or read book Middle East and North Africa Economic Monitor April 2015 written by . This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt: 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

2016-04-11 Business & Economics
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Release : 2016-04-11
Genre : Business & Economics
Kind : eBook
Book Rating : 070/5 ( reviews)

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Book Synopsis Middle East and North Africa Economic Monitor April 2016 by : Shantayanan Devarajan

Download or read book Middle East and North Africa Economic Monitor April 2016 written by Shantayanan Devarajan. This book was released on 2016-04-11. Available in PDF, EPUB and Kindle. Book excerpt: 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, April 2017

2017
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Release : 2017
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Book Synopsis Middle East and North Africa Economic Monitor, April 2017 by : Shantayanan Devarajan

Download or read book Middle East and North Africa Economic Monitor, April 2017 written by Shantayanan Devarajan. This book was released on 2017. Available in PDF, EPUB and Kindle. Book excerpt: Plagued by war, violence and low oil prices, economic activity in the Middle East and North Africa (MENA) region remained subdued between 2013 and 2015, but the situation is expected to improve and growth to surge above 3 percent over the forecast period. Though still below potential, the improvement in growth offers hope. We see signs of "green shoots" in some countries in the region, therefore we have upgraded our short-term prospects for MENA from "cautiously pessimistic" to "cautiously optimistic" over the forecast period. The prospects of peace in Syria, Yemen and Libya are one of the keys to resuming growth over the next decade. But realizing that potential depends crucially on how the post-conflict reconstruction is conducted. On the one hand, a well-managed process could help these war-tom countries rebuild their shattered economies and re-integrate their people so that the region as a whole, and possibly the rest of the world, benefits. On the other hand, a badly managed process can risk a recurrence of conflict, continued stagnation and suffering, and perpetual fragility. The economics of postconflict reconstruction, therefore, is critical to the future of MENA's economies.

Middle East and North Africa Economic Monitor, October 2018

2018-10-03 Business & Economics
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Release : 2018-10-03
Genre : Business & Economics
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Book Rating : 671/5 ( reviews)

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Book Synopsis Middle East and North Africa Economic Monitor, October 2018 by : Rabah Arezki

Download or read book Middle East and North Africa Economic Monitor, October 2018 written by Rabah Arezki. This book was released on 2018-10-03. Available in PDF, EPUB and Kindle. Book excerpt: "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."

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