This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Pakistan and the IMF. Additional information can be found on Pakistan and IMF country page, including official IMF reports and Executive Board documents in English that deal with Pakistan.

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Regional Economic Outlook Update Middle East and Central Asia

MCD REO Generic Cover English

October 2015

The near-term outlook for the MENAP region is dominated by geopolitical and oil price developments. Regional uncertainties arising from the complex conflicts in Iraq, Libya, Syria, and Yemen are weighing on confidence. Low oil prices are also taking a toll on economic activity in the oil-exporting countries. Oil importers are benefiting from lower oil prices as well as economic reforms and improved euro area growth. Overall, MENAP growth this year will continue to be modest at 2½ percent, ½ percentage point below the IMF’s May 2015 projections. Economic activity is projected to pick up to 4 percent next year, supported by improved prospects for Iran, some recovery in oil production and exports, and assumed easing of regional conflicts. However, there is considerable uncertainty about next year’s projections. Moreover, raising economic prospects for the long term will require extensive structural reforms. Read the report