Regional Economic Outlook, May 2009, 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 development--Middle East.

Economic development.

Economic development--Asia, Central.

Middle East--Economic conditions.

Middle East.

Asia, Central--Economic conditions.

Asia, Central.

Physical Description:

1 online resource (61 p.)

Other Title:

Regional economic outlook. Middle East and Central Asia : May 2009

Middle East and Central Asia

Place of Publication:

Washington, D.C. : International Monetary Fund, 2009.

Language Note:

English

Summary:

The global crisis is now affecting the countries in the Middle East and Central Asia region, and economic and financial vulnerabilities are rising. In the Middle East and North Africa, good economic fundamentals, appropriate policy responses, and sizable currency reserves are helping mitigate the impact of the shock. In the Caucasus and Central Asia, lower commodity prices and adverse economic developments in Russia have hit hard. The report notes that countries should prepare for the contingency of a prolonged global slowdown by supporting domestic demand for a longer period and strengthening financial systems further. In some countries with rising unemployment, it will be important to target government resources and policies on protecting the poor; in others, increased donor support will be necessary to maintain needed economic development.

Contents:

Cover; Contents; Assumptions and Conventions; Country and Regional Groupings; Executive Summary; Highlights; Boxes; 1 World Economic Outlook; I. Middle Eastern Oil Exporters: Continued Spending Supports the Global Economy; Figures; 1 Credit Default Swaps; 2 Real Estate Price Index; 3 MEOEs: Change in Stock Market Indices; Tables; 1 Middle Eastern Oil Exporters: Summary of Crisis Response Measures; 4 MEOEs: Current Account Balance; 5 MEOEs: Government Fiscal Balance; 2 Growth and Inflation, 2007-10; 6 Imports of Goods and Services; 3 Banking Sector Performance and Soundness

2 Middle Eastern Oil Exporters' Sovereign Wealth Funds: Impact and Implications of the Global CrisisII. Middle Eastern Oil Importers: Delayed Slowdown Under Way; 7 MEOIs: Change in Stock Market Indices; 8 Sovereign Bond Spreads; 4 Financial Soundness Indicators, 2008; 9 MEOIs: Real GDP Growth; 10 Consumer Price Inflation; 3 Linkages and Spillovers with the GCC Region and with Europe; 11 Effective Exchange Rates; 12 MEOIs: Current Account Balance; 4 How Important Are Different Forms of Foreign Inflows to Middle Eastern Oil Importers?; 13 MEOIs: Government Fiscal Balance

5 Middle Eastern Oil Importers: Summary of Crisis Response Measures6 Tax Revenue; III. The Caucasus and Central Asia: A Bumpy Road Ahead?; 14 CCA: Real GDP Growth; 15 Trade Patterns in the CCA, 2008; 16 Remittance Inflows; 17 Remittance Outflows from Russia; 7 The Caucasus and Central Asia: Real GDP Growth; 18 Remittance Receipts; 5 How Russia Affects the Neighborhood: Trade, Financial, and Remittance Channels; 19 CCA: Government Fiscal Balance; 20 CCA: Current Account Balance; 21 Average Inflation, GDP-Weighted; 22 Private External Debt, 2008; 23 Credit Growth; 24 Nonperforming Loans

25 Capital Adequacy Ratios26 Existing House Prices; 27 Foreign Exchange Share of Loans and Deposits, End-2008; 8 The Caucasus and Central Asia: Summary of Crisis Response Measures; 6 Exchange Rate Policies: Coping with New Challenges in Caucasus and Central Asia Countries; 28 CCA: Government Fiscal Balance; 29 Sovereign Wealth Fund Assets and Public Debt, 2008; Statistical Appendix; Statistical Appendix Tables; 1 Real GDP Growth; 2 Nominal GDP; 3 Oil and Non-Oil Real GDP Growth for Oil Exporters; 4 Crude Oil Production and Exports; 5 Consumer Price Inflation

6 Central Government Fiscal Balance7 Broad Money Growth; 8 Central Government Total Revenue, Excluding Grants; 9 Oil Exporters: Central Government Non-Oil Fiscal Balance; 10 Oil Exporters: Central Government Non-Oil Revenue; 11 Central Government Total Expenditure and Net Lending; 12 Total Government Debt; 13 Exports of Goods and Services; 14 Imports of Goods and Services; 15 Current Account Balance (in billions of U.S. dollars); 16 Current Account Balance (in percent of GDP); 17 Gross Official Reserves; 18 Total Gross External Debt

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on print version record.

ISBN:

9786613851093

9781462316908

1462316905

9781452737218

1452737215

9781283538640

1283538644

9781451948233

1451948239