Regional Economic Outlook, May 2008, Middle East and Central Asia.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Middle East and Central Asia Department.

Contributor:

International Monetary Fund.

Series:

Regional Economic Outlook

Language:

English

Subjects (All):

Economic forecasting--Middle East.

Economic forecasting.

Economic forecasting--Asia, Central.

Middle East--Economic conditions.

Middle East.

Asia, Central--Economic conditions.

Asia, Central.

Physical Description:

1 online resource (69 p.)

Edition:

1st ed.

Other Title:

Regional economic outlook. Middle East and Central Asia : May 2008

Middle East and Central Asia : May 08

Place of Publication:

Washington, D.C. : International Monetary Fund, 2008.

Language Note:

English

Summary:

The Middle East and Central Asia region grew at 6.5 percent in 2007, marking its best five-year performance over the past 30 years. So far, the turmoil in international financial markets has had a limited impact on the region, and the short-term outlook remains very favorable. The report reviews recent economic developments, assesses the outlook for the coming year, and discusses key policy challenges. In addition, it takes a closer look at both regional topics--such as the rise in inflation in the GCC countries, intraregional capital flows, developments in oil markets, developments in real estate prices, and sovereign wealth funds--and country reviews for Algeria, Georgia, Iraq, and West Bank and Gaza.

Contents:

Cover; Contents; Assumptions and Conventions; Recent Macroeconomic Developments; Highlights; Recent Economic Developments; Figures; 1 Global Real GDP Growth; 2 Real GDP Growth in the MCD Region; 3 Oil and Non-Oil GDP G Growth in Oil Exporters, 2007 growth; Boxes; 1 Georgia: Successful Reforms Since the Rose Revolution; 2 GCC Capital Flows to MENA Emerging Market Countries; 4 Growth in Emerging Markets; 5a Consumer Price Inflation: Country Aggregates; 3 Iraq: Encouraging Economic Perform Performance in 2007; 5b Consumer Price Inflation: Individual Countries

6 Nominal Effective Exchange Rates 7 Real Effective Exchange Rates; 4 The Rise in Inflation in the GCC Countries; 8a Government Fiscal Balance: Country Aggregates; 8b Government Fiscal Balance: Individual Countries; 9 Total Government Debt; 10 Government Expenditure in Oil Exporters; 11 Credit to the Private Sector; 5 Algeria's Experience with Managing Hydrocarbon Wealth; 12 Money and Credit to the Private Sector in Low-Income Countries; 13a External Current Account Balance: Country Aggregates; 13b External Current Account Balance: Individual Countries

6 Oil Income: What Is Being Done with It?14 Gross Official Reserves; 15 Stock Market Indices in Selected Countries; 16 Sovereign Spreads in Selected Countries es; Economic Outlook and Policy Challenges; Economic Outlook; World economic outlook; 17 Global Outlook; 18 International Commodity Prices; 19 Brent Crude Oil Prices; 20 Global Growth Forecast; 7 Oil Prices: Fundamentals or Speculation?; Outlook for the MCD region; 8 West Bank and Gaza: The Road to Recovery; Policy Challenges; 9 Sovereign W Wealth Funds in the Spotlight alth; 10 Real Estate Prices in the MCD Region

Statistical Appendix Data and Conventions; Statistical Appendix Tables; 1 Real GDP Growth; 2 Nominal GDP; 3 GDP at Purchasing-Power-Parity Prices; 4 Oil and Non-Oil Real GDP Growth for Oil Exporters; 5 Crude Oil Production and Exports; 6 Consumer Price Inflation; 7 Broad Money Growth; 8 Central Government Fiscal Balance; 9 Central Government Total Revenue Excluding Grants; 10 Oil Exporters: Central Government Non-Oil Fiscal Balance; 11 Oil Exporters: Central Government Non-Oil Revenue; 12 Central Government Total Expenditure and Net Lending; 13 Total Government Debt

14 Exports of Goods and Services15 Imports of Goods and Services; 16 Current Account Balance (in billions o of U.S. dollars); 17 Current Account Balance (in percent of GDP); 18 Real Effective Exchange Rates; 19 Gross Official Reserves; 20 Total Gross External Debt

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on print version record.

ISBN:

9786613846075

9781462318926

1462318924

9781452751344

145275134X

9781283533621

1283533626

9781451978162

1451978162

OCLC:

870245369