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

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Middle East and Central Asia Department.

Series:

Regional Economic Outlook

Language:

English

Subjects (All):

Economic forecasting--Asia, Central.

Economic forecasting.

Economic forecasting--Middle East.

Asia, Central--Economic conditions--21st century.

Asia, Central.

Asia, Central--Economic conditions--Statistics.

Physical Description:

1 online resource (122 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2014.

Language Note:

English

System Details:

Mode of access: World Wide Web.

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.

Contents:

Cover; Contents; Acknowledgments; Assumptions and Conventions; Country Groupings; World Economic Outlook; MIDDLE EAST, NORTH AFRICA, AFGHANISTAN, AND PAKISTAN; MENAP Region Highlights; (Omitted); Région MOANAP: Principaux Points; 1. MENAP Oil Exporters: Increasing Diversification, Reducing Reliance on Oil-Funded Spending; Rising 2015 Growth Depends on Improving Security; Figures; 1.1 Growth to Rise on Delayed Non-GCC Recovery; 1.2 Faster Growth Has Not Prompted Higher Inflation; 1.3 MENAP Oil Exporters: Real Effective Exchange Rates; Boxes; 1.1 Economic Implications of the Iraq Conflict

Oil Price Risks Remain Balanced, but Geopolitical Risks Have Risen 1.2 Capital Flows to GCC Countries; Falling Oil Revenues and Rising Government Spending Are Weakening Fiscal Positions; 1.4 Oil Price Uncertainties Increase Vulnerabilities; 1.5 Wages and Capital Raise GCC Government Spending; 1.6 Fiscal Positions Are Weakening; 1.7 High Oil Prices Will Not Save Fiscal Positions; 1.8 Nonhydrocarbon Deficits Are Too High for Intergenerational Equity in Most Countries; 1.9 Oil and Gas Consumption Are Growing; 1.10 Current Account Balances Are Falling

Growth from Diversification, Not Rising Oil Prices 1.11 GDP Growth Relies on Rising Oil Prices; 1.12 Signs That Labor Market Reforms Are Bearing Fruit?; 1.13 Public Sector Wage Bills Are High; 2. MENAP Oil Importers: Slow Recovery and Modest Prospects Call for Reform; Fragile Confidence Constrains Recovery; 2.1 Consumption and Investment Drive Contributions to Real GDP Growth; 2.1 Better Protection for the Poor in MENA; 2.2 Exports of Goods and Foreign Direct Investment; 2.3 Risk Premiums Are Declining; 2.4 Real Exchange Rate in MENAP Oil Importers

2.5 Growth Insufficient to Improve Living Standards 2.2 Impact of Fiscal Measures on Jobs in MENAP Oil-Importing Economies; Downside Risks Are Elevated; Gradually Declining External and Fiscal Vulnerabilities; 2.6 Inflation Pressures Persist; 2.7 Fiscal Deficit and Reserves; 2.8 Change in Revenue and Expenditure; Tables; 2.1 Spending on Energy Subsidies; 2.3 Shifting Patterns in Official External Financing in MENAP Oil Importers; 2.9 Fiscal Financing Needs; 2.10 External Financing Needs; Fiscal, Monetary, and Exchange Rate Policies: Going Beyond Macroeconomic Stability

Lackluster Medium-Term Prospects Structural Transformation to Boost Growth; 2.11 Raising Medium-Term Growth and Job Prospects Requires Structural Reforms; International Support; CAUCASUS AND CENTRAL ASIA; CCA Region Highlights; Основные положения по региону КЦА; 3. Caucasus and Central Asia: Increased Risks Highlight Need for Reform; Russia's Slowdown Is Weighing on CCA Economic Activity; 3.1 Real GDP Growth; 3.2 CCA: Real GDP Growth; Risks Are Largely to the Downside; 3.3 Growth Revisions versus Policy Buffers; 3.4 Linkages with Russia; 3.1 Growth Shocks in Russia: Implications for the CCA

Inflation Pressures Call for Effective Monetary Policy Frameworks

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (ebrary, viewed November 21, 2014).

ISBN:

9781498302401

1498302408

9781498302326

1498302327

OCLC:

894791633