International Monetary Fund

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World Economic and Financial Surveys

Regional Economic Outlook:
Middle East and Central Asia

October 2011
©2011 International Monetary Fund
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The Arab Spring holds the promise of improved living standards and a more prosperous future for the peoples of the Middle East and North Africa region. At the same time, the region is witnessing uncertainty and economic pressures from domestic and external sources, which will likely be exacerbated by the recent worsening of the global economy. The main challenge in the short term will be to manage expectations while maintaining economic stability. To that end, better-targeted subsidies and transfers will help free up resources for investment in infrastructure, education, and health. Policies aimed at fostering inclusive growth will also help cement the longer-term benefits of the ongoing changes in the region. In the Caucasus and Central Asia, the economic outlook is broadly positive. Exports and remittances—key growth drivers in 2010—are continuing to grow solidly, helping the recovery gain firm momentum. At the same time, uncertainties over the robustness of the global recovery constitute a downside risk to the growth outlook. Key challenges facing the region over the medium term are to create jobs and foster high and inclusive growth.

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Middle East, North Africa, Afghanistan & Pakistan


IMF on Divergent Mideast Outlook

الصندوق يستشرف آفاقا متباينة لاقتصادات الشرق الأوسط

Caucasus and Central Asia


IMF expects strong growth for Caucasus and Central Asia

МВФ ожидает активного экономического роста в странах Кавказа и Центральной Азии

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