Regional Economic Outlook: Middle East and Central Asia, Update
Middle East and Central Asia, May 20, 2013
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- Published: May 20, 2013
- Series: Middle East and Central Asia
Middle East and North Africa — Near-term performance and medium-term challenges
- Context:
- Two years after the onset of the "Arab Spring," many countries continue to undergo complex political, social, and economic transitions.
- 2012 performance:
- Most oil-exporting countries grew at healthy rates.
- Economic growth remained sluggish in the oil importers.
- 2013 outlook:
- Differences between oil exporters and importers are expected to narrow because of:
- A scaling-back of hydrocarbon production among oil exporters.
- A mild economic recovery among oil importers.
- Immediate challenges:
- Re-establishing or maintaining macroeconomic stability amid political uncertainty and social unrest.
- Medium-term priorities:
- Diversifying economies.
- Creating jobs.
- Generating more inclusive growth.
- Policy recommendation highlights:
- Budget consolidation and structural reforms are needed.
Caucasus and Central Asia — Favorable near-term outlook and reform agenda
- Near-term outlook drivers:
- High oil prices supporting oil and gas exporters.
- Strong non-oil commodity prices and robust remittances supporting oil and gas importers.
- Risks to the outlook:
- Still-subdued world demand.
- Domestic political uncertainties.
- Geopolitical risks in the region.
- Policy implications:
- Policymakers, particularly in the oil-importing countries, should take advantage of the favorable outlook to re-establish fiscal policy buffers that were eroded in the aftermath of the global crisis.
- Across the region, countries should reinvigorate reform efforts to address longstanding structural issues, including:
- Improving governance.
- Building an investor-friendly environment.
- Developing a more inclusive financial system.
- Fostering regional trade and finance integration.
Regional Economic Outlook Update: Middle East & Central Asia — May 2013. https://www.imf.org/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia
Content in this bundle
- الشرق الأوسط وشمال إفريقيا: تحديد المسار القادم - مستجدات آفاق الاقتصاد الإقليمي
- عرض عن آفاق الاقتصاد الإقليمي: منطقة الشرق وشمال إفريقيا - مايو 2013
- الشرق الأوسط وشمال إفريقيا: تحديد المسار القادم - مستجدات آفاق الاقتصاد الإقليمي
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- 高加索和中亚地区经济展望: 有利的短期前景带来改革契机; 2013 年5 月
- _mena0513fpdf — Sections 1–2
- _mena0513pfpdf
- Moyen-Orient et Afrique du Nord : définir la voie à suivre
- Caucasus and Central Asia: Favorable Near-Term Outlook Provides Opportunities for Reform
- Presentation: Regional Economic Outlook Caucasus and Central Asia - May 2013
- Regional Economic Outlook Update: Middle East & Central Asia; May 2013
- Regional Economic Outlook Update: Middle East and North Africa: Defining the Road Ahead, May 2013
- Presentation of the Middle East and North Africa Regional Economic Outlook; May 2013
- Regional Economic Outlook in the Middle East and Central Asia: Statistical Appendix
- Перспективы развития региональной экономики Кавказ и Центральная Азия; Май 2013 года
- Кавказ и Центральная Азия. Благоприятные ближайшие перспективы создают возможности для реформ
- Кавказ и Центральная Азия. Благоприятные ближайшие перспективы создают возможности для реформ
- Data
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