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Middle East and North Africa Quarterly Economic Brief, January 2014 : Growth Slowdown Heightens the Need for Reforms / Devarajan, Shantayanan;Mottaghi, Lili
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Devarajan, Shantayanan.
- Series:
- Middle East and North Africa Quarterly Economic Brief
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Arab Spring.
- Arab Transition Countries.
- Development Economics.
- Economic Policy.
- Growth.
- International Economics and Trade.
- Investment.
- Macroeconomics and Economic Growth.
- Poverty Reduction.
- Volatility.
- Local Subjects:
- Arab Spring.
- Arab Transition Countries.
- Development Economics.
- Economic Policy.
- Growth.
- International Economics and Trade.
- Investment.
- Macroeconomics and Economic Growth.
- Poverty Reduction.
- Volatility.
- Physical Description:
- 1 online resource (20 pages)
- Other Title:
- Middle East and North Africa Quarterly Economic Brief, January 2014
- Middle East and North Africa Quarterly Economic Brief
- Place of Publication:
- Washington, D.C., The World Bank, 2014.
- System Details:
- data file
- Summary:
- Ongoing regional tensions, together with a challenging (albeit slightly improving) external environment, have hit the economies of the Middle East and North Africa (MENA) region hard. Economic growth is slowing, fiscal buffers are depleting, unemployment is rising, and inflation is mounting in seven of the region's most vulnerable economies-- Egypt, Tunisia, Iran, Lebanon, Jordan, Yemen and Libya. Short-term policy actions such as increasing public sector wages and subsidies-aimed at reducing social tensions--exacerbate the situation, which is driven by long-standing structural weaknesses, including labor market rigidities, complicated and opaque regulations, infrastructure deficiencies, regressive and inefficient subsidies, and inadequate social safety nets. While these countries face an unstable political and macroeconomic environment, the growth slowdown after the Arab Spring creates a unique opportunity to address these structural problems to both create fiscal space and restructure the economy towards job creation and inclusive growth.
- Notes:
- Description based on print version record.
- ISBN:
- 1-4648-0394-3
- Publisher Number:
- bkey=content/book/9781464803949
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