Regional Economic Outlook, October 2014, Middle East and Central Asia,

October 27, 2014

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Regional Economic Outlook, October 2014, Middle East and Central Asia,, (USA: International Monetary Fund, 2014) accessed December 22, 2024

Summary

This issue discusses economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), which continue to reflect the diversity of conditions prevailing across the region. Most high-income oil exporters, primarily in the GCC, continue to record steady growth and solid economic and financial fundamentals, albeit with medium-term challenges that need to be addressed. In contrast, other countries—Iraq, Libya, and Syria—are mired in conflicts with not only humanitarian but also economic consequences. And yet other countries, mostly oil importers, are making continued but uneven progress in advancing their economic agendas, often in tandem with political transitions and amidst difficult social conditions. In most of these countries, without extensive economic and structural reforms, economic prospects for the medium term remain insufficient to reduce high unemployment and improve living standards.

Subject: Commodities, Expenditure, Fiscal policy, Fiscal stance, Inflation, Oil, Oil prices, Oil production, Prices, Production, Public investment and public-private partnerships (PPP)

Keywords: Caribbean, CCA country, CCA oil exporter, CCA oil importer, Central Asia and the Caucasus, Europe, Exporter, Fiscal stance, GCC country, Global, Inflation, Middle East, Oil, Oil exporter, Oil importer, Oil prices, Oil production, Public investment and public-private partnerships (PPP), REO, Sub-Saharan Africa

Publication Details

Pages:

120
Volume:

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DOI:

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Issue:

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Series:

Middle East and Central Asia
Stock No:

REOMCDEA2014002
ISBN:

9781498343732
ISSN:

2071-4122

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