Regional Economic Outlook, October 2009, Middle East and Central Asia
Middle East and Central Asia, October 2, 2009
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- Regional Economic Outlook, October 2009, Middle East and Central Asia
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Bibliographic details
- Published: October 2, 2009
- Series: Middle East and Central Asia
- DOI: https://doi.org/10.5089/9781589068582.086
Impact of the global economic crisis
- The global economic crisis has taken a toll on the Middle East and Central Asia region.
- Appropriate policy responses have helped mitigate the impact.
Outlook by oil status
- Oil exporters:
- Expected to benefit from rising oil prices as the world economy begins to pull out of an unparalleled post-World War II recession.
- Oil importers:
- Likely to continue to face continued headwinds that may delay an uptake in growth.
Policy recommendations
- Where feasible, countries should continue to support domestic demand to lessen the impact of the crisis on the poor while maintaining a focus on debt sustainability.
- For the region's low-income countries, higher donor support will be needed to maintain economic development.
- Across the region, governments should:
- Further strengthen financial systems.
- Be careful not to lose momentum on structural reforms.
Subject areas and keywords
- Subject: Banking, Islamic banking, Oil, Oil prices, Remittances
- Keywords: exporter, IMF staff calculation, Kyrgyzstan, oil importer, REO
Content in this bundle
- Regional Economic Outlook: Middle East and Central Asia -- October 2009
References
- https://www.imf.org/en/publications/reo/meca
- Arab Republic of Egypt and the IMF
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