Regional Economic Outlook, October 2020, Middle East and Central Asia
Electronic Access:
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Summary:
Countries in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region and those in the Caucasus and Central Asia (CCA) responded to the COVID-19 pandemic with swift and stringent measures to mitigate its spread and impact but continue to face an uncertain and difficult environment. Oil exporters were particularly hard hit by a “double-whammy” of the economic impact of lockdowns and the resulting sharp decline in oil demand and prices. Containing the health crisis, cushioning income losses, and expanding social spending remain immediate priorities. However, governments must also begin to lay the groundwork for recovery and rebuilding stronger, including by addressing legacies from the crisis and strengthening inclusion.
Series:
REO
Subject:
COVID-19 Credit Crisis management Crisis recovery and resolution planning Economic forecasting Education Fiscal space Fluctuating oil revenues Health Monetary policy Oil Organization of Petroleum Exporting Countries (OPEC) Regional Economic Outlook Remittances Stress testing Tourism
Frequency:
Biannually
English
Publication Date:
October 19, 2020
ISBN/ISSN:
9781513558165/2707-8086
Stock No:
REOMCDEA2020002
Pages:
83
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