Regional Economic Outlook

Regional Economic Outlook, April 2021, Middle East and Central Asia

April 11, 2021

Preview Citation

Format: Chicago

Regional Economic Outlook, April 2021, Middle East and Central Asia, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Summary

A year into the coronavirus (COVID-19) pandemic, the race between vaccine and virus entered a new phase in the Middle East and Central Asia, and the path to recovery in 2021 is expected to be long and divergent. The outlook will vary significantly across countries, depending on the pandemic’s path, vaccine rollouts, underlying fragilities, exposure to tourism and contact-intensive sectors, and policy space and actions. 2021 will be the year of policies that continue saving lives and livelihoods and promote recovery, while balancing the need for debt sustainability and financial resilience. At the same time, policymakers must not lose sight of the transformational challenges to build forward better and accelerate the creation of more inclusive, resilient, sustainable, and green economies. Regional and international cooperation will be key complements to strong domestic policies.

Subject: Commodities, COVID-19, Crisis management, Crisis recovery and resolution planning, Emerging and frontier financial markets, Financial crisis, Financial markets, Government debt planning, Government expenditures and health, Health, Health care spending, Oil, Oil prices, Prices, Public expenditures and health, Public financial management (PFM)

Keywords: Central Asia and the Caucasus, COVID-19, Emerging and frontier financial markets, Financial crisis, Financing constraint, Financing risk, Global, Government debt planning, IMF staff calculation, Lockdown, Middle East, Middle East and Central Asia, Net bank financing, North Africa, Oil, Oil prices, Pandemic, Policy space constraint, Public health, Recovery, Social distancing

Publication Details

  • Pages:

    34

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Regional Economic Outlook

  • Stock No:

    REOMCDEA2021001

  • ISBN:

    9781513576152

  • ISSN:

    2707-8086