Regional Economic Outlook, May 2010, Middle East and Central Asia
Middle East and Central Asia, May 20, 2010
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- Regional Economic Outlook, May 2010, Middle East and Central Asia
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Bibliographic details
- Published: May 20, 2010
- Series: Middle East and Central Asia
- DOI: https://doi.org/10.5089/9781589069206.086
Regional recovery and drivers
- A resumption of capital inflows and the rebound in crude oil prices have aided the recovery in the oil-exporting countries of the Middle East and North Africa.
- The group of oil-importing countries is expected to show marginal increase in growth in response to a pickup in trade, investment, and bank credit.
- In the Caucasus and Central Asia:
- exports have begun to pick up,
- the decline in remittances appears to be slowing or reversing,
- capital inflows have turned positive.
- For 2010, a recovery across the region is projected as the global economy, and in particular Russia, picks up speed.
- Overall prospects for the region are improving.
Risks and uncertainties
- The regional impact of the Dubai crisis and events in Greece has been limited so far.
- Nevertheless, a repricing of sovereign debt cannot be excluded, adding a degree of uncertainty to the outlook.
Key policy challenges and recommendations
- Enhance competitiveness to raise growth rates and generate employment (highlighted as a key challenge for oil-importing countries).
- Address policy priorities implied by resumed capital inflows and higher crude oil prices in oil-exporting countries (implicit in aiding recovery).
Thematic coverage and subjects
- Balance of payments
- Bank credit
- Banking
- Commodities
- Credit
- Emerging and frontier financial markets
- Financial markets
- Financial statements
- Foreign direct investment
- International trade
- Money
- Oil
- Oil exports
- Public financial management (PFM)
Keywords (as listed)
- Bank credit, bond financing, CCA country, CCA energy importer, Central Asia and the Caucasus, Credit, credit growth, Emerging and frontier financial markets, Financial statements, financing, Foreign direct investment, Global, goods export, government, Oil, oil exporter, Oil exports, oil importer, REO
Content in this bundle
- Regional Economic Outlook: Middle East and Central Asia
References
- https://www.imf.org/en/publications/reo/meca
- United Arab Emirates and the IMF
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- Balance of payments
- Bank credit
- Banking
- Commodities
- Credit
- Emerging and frontier financial markets
- Financial markets
- Financial statements
- Foreign direct investment
- International trade
- Money
- Oil
- Oil exports
- Public financial management (PFM)
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