Regional Economic Outlook, October 2011, Middle East and Central Asia
Middle East and Central Asia, October 26, 2011
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- Regional Economic Outlook, October 2011, Middle East and Central Asia
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Bibliographic details
- Published: October 26, 2011
- Series: Middle East and Central Asia
- DOI: https://doi.org/10.5089/9781616351298.086
Overview
- 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.
- The region is witnessing uncertainty and economic pressures from domestic and external sources, likely to be exacerbated by the recent worsening of the global economy.
- In the Caucasus and Central Asia, the economic outlook is broadly positive, with exports and remittances—key growth drivers in 2010—continuing to grow solidly and helping the recovery gain firm momentum.
Key findings
- Short-term main challenge: manage expectations while maintaining economic stability.
- Exports and remittances supported recovery momentum in the Caucasus and Central Asia following 2010.
- Uncertainties over the robustness of the global recovery constitute a downside risk to the growth outlook.
- Medium-term key challenges: create jobs and foster high and inclusive growth.
Policy recommendations
- Implement better-targeted subsidies and transfers to free up resources for investment in infrastructure, education, and health.
- Pursue policies aimed at fostering inclusive growth to cement longer-term benefits of ongoing regional changes.
Risks and challenges
- Domestic and external economic pressures in the Middle East and North Africa.
- Downside risks from the recent worsening of the global economy and uncertainty about global recovery robustness.
- Need to address unemployment and job creation across the region.
Subject classifications and keywords
- Subject: Balance of payments, Commodities, Fuel prices, Inflation, International trade, Labor, Oil, Oil exports, Oil prices, Prices, Remittances, Unemployment
- Keywords: CCA country, commodity metals price, country, Europe, Fuel prices, GCC country, Global, IMF staff calculation, importer, Inflation, Maghreb, MENAP country, Middle East, Middle East and Central Asia, North Africa, Oil, oil exporter, Oil exports, oil importer, Oil prices, Remittances, REO, Unemployment
Content in this bundle
- Regional Economic Outlook: Middle East and Central Asia; October 2011
References
- https://www.imf.org/en/publications/reo/meca
- Kyrgyz Republic and the IMF
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- Balance of payments
- Commodities
- Fuel prices
- Inflation
- International trade
- Labor
- Oil
- Oil exports
- Oil prices
- Prices
- Remittances
- Unemployment
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