{ "title": "Regional Economic Outlook: Middle East and Central Asia, Update", "publication": "Middle East and Central Asia, May 20, 2013", "sourceUrl": "https://www.imf.org/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia", "canonical": "https://www.imf.org/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia", "overlayPath": "/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia/index.md", "summary": "Context:", "publishDate": "2013-05-20", "series": "Middle East and Central Asia", "sections": [ { "heading": "Middle East and North Africa — Near-term performance and medium-term challenges", "content": "- Context:\n - Two years after the onset of the \"Arab Spring,\" many countries continue to undergo complex political, social, and economic transitions.\n- 2012 performance:\n - Most oil-exporting countries grew at healthy rates.\n - Economic growth remained sluggish in the oil importers.\n- 2013 outlook:\n - Differences between oil exporters and importers are expected to narrow because of:\n - A scaling-back of hydrocarbon production among oil exporters.\n - A mild economic recovery among oil importers.\n- Immediate challenges:\n - Re-establishing or maintaining macroeconomic stability amid political uncertainty and social unrest.\n- Medium-term priorities:\n - Diversifying economies.\n - Creating jobs.\n - Generating more inclusive growth.\n- Policy recommendation highlights:\n - Budget consolidation and structural reforms are needed." }, { "heading": "Caucasus and Central Asia — Favorable near-term outlook and reform agenda", "content": "- Near-term outlook drivers:\n - High oil prices supporting oil and gas exporters.\n - Strong non-oil commodity prices and robust remittances supporting oil and gas importers.\n- Risks to the outlook:\n - Still-subdued world demand.\n - Domestic political uncertainties.\n - Geopolitical risks in the region.\n- Policy implications:\n - 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.\n - Across the region, countries should reinvigorate reform efforts to address longstanding structural issues, including:\n - Improving governance.\n - Building an investor-friendly environment.\n - Developing a more inclusive financial system.\n - Fostering regional trade and finance integration.\n\nRegional 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\n\n---\n\n Content in this bundle\n\n- الشرق الأوسط وشمال إفريقيا: تحديد المسار القادم - مستجدات آفاق الاقتصاد الإقليمي\n - الشرق الأوسط وشمال إفريقيا: تحديد المسار القادم - مستجدات آفاق الاقتصاد الإقليمي (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - الشرق الأوسط وشمال إفريقيا: تحديد المسار القادم - مستجدات آفاق الاقتصاد الإقليمي (PDF){rel=\"external\" type=\"application/pdf\"}\n- عرض عن آفاق الاقتصاد الإقليمي: منطقة الشرق وشمال إفريقيا - مايو 2013\n - عرض عن آفاق الاقتصاد الإقليمي: منطقة الشرق وشمال إفريقيا - مايو 2013 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - عرض عن آفاق الاقتصاد الإقليمي: منطقة الشرق وشمال إفريقيا - مايو 2013 (PDF){rel=\"external\" type=\"application/pdf\"}\n- الشرق الأوسط وشمال إفريقيا: تحديد المسار القادم - مستجدات آفاق الاقتصاد الإقليمي\n - الشرق الأوسط وشمال إفريقيا: تحديد المسار القادم - مستجدات آفاق الاقتصاد الإقليمي (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - الشرق الأوسط وشمال إفريقيا: تحديد المسار القادم - مستجدات آفاق الاقتصاد الإقليمي (PDF){rel=\"external\" type=\"application/pdf\"}\n- 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\n - 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 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - 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 (PDF){rel=\"external\" type=\"application/pdf\"}\n- 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\n - 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 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - 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 (PDF){rel=\"external\" type=\"application/pdf\"}\n- mena0513fpdf — Sections 1–2\n - mena0513fpdf — Sections 1–2 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - mena0513fpdf — Sections 1–2 (PDF){rel=\"external\" type=\"application/pdf\"}\n- mena0513pfpdf\n - mena0513pfpdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - mena0513pfpdf (PDF){rel=\"external\" type=\"application/pdf\"}\n- Moyen-Orient et Afrique du Nord : définir la voie à suivre\n - Moyen-Orient et Afrique du Nord : définir la voie à suivre (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Moyen-Orient et Afrique du Nord : définir la voie à suivre (PDF){rel=\"external\" type=\"application/pdf\"}\n- Caucasus and Central Asia: Favorable Near-Term Outlook Provides Opportunities for Reform\n - Caucasus and Central Asia: Favorable Near-Term Outlook Provides Opportunities for Reform (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Caucasus and Central Asia: Favorable Near-Term Outlook Provides Opportunities for Reform (PDF){rel=\"external\" type=\"application/pdf\"}\n- Presentation: Regional Economic Outlook Caucasus and Central Asia - May 2013\n - Presentation: Regional Economic Outlook Caucasus and Central Asia - May 2013 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Presentation: Regional Economic Outlook Caucasus and Central Asia - May 2013 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Regional Economic Outlook Update: Middle East & Central Asia; May 2013\n - Regional Economic Outlook Update: Middle East & Central Asia; May 2013 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Regional Economic Outlook Update: Middle East & Central Asia; May 2013 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Regional Economic Outlook Update: Middle East and North Africa: Defining the Road Ahead, May 2013\n - Regional Economic Outlook Update: Middle East and North Africa: Defining the Road Ahead, May 2013 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Regional Economic Outlook Update: Middle East and North Africa: Defining the Road Ahead, May 2013 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Presentation of the Middle East and North Africa Regional Economic Outlook; May 2013\n - Presentation of the Middle East and North Africa Regional Economic Outlook; May 2013 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Presentation of the Middle East and North Africa Regional Economic Outlook; May 2013 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Regional Economic Outlook in the Middle East and Central Asia: Statistical Appendix\n - Regional Economic Outlook in the Middle East and Central Asia: Statistical Appendix (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Regional Economic Outlook in the Middle East and Central Asia: Statistical Appendix (PDF){rel=\"external\" type=\"application/pdf\"}\n- Перспективы развития региональной экономики Кавказ и Центральная Азия; Май 2013 года\n - Перспективы развития региональной экономики Кавказ и Центральная Азия; Май 2013 года (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Перспективы развития региональной экономики Кавказ и Центральная Азия; Май 2013 года (PDF){rel=\"external\" type=\"application/pdf\"}\n- Кавказ и Центральная Азия. Благоприятные ближайшие перспективы создают возможности для реформ\n - Кавказ и Центральная Азия. Благоприятные ближайшие перспективы создают возможности для реформ (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Кавказ и Центральная Азия. Благоприятные ближайшие перспективы создают возможности для реформ (PDF){rel=\"external\" type=\"application/pdf\"}\n- Кавказ и Центральная Азия. Благоприятные ближайшие перспективы создают возможности для реформ\n - Кавказ и Центральная Азия. Благоприятные ближайшие перспективы создают возможности для реформ (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Кавказ и Центральная Азия. Благоприятные ближайшие перспективы создают возможности для реформ (PDF){rel=\"external\" type=\"application/pdf\"}\n- Data\n - Data (XLSX){rel=\"external\" type=\"text/html; charset=utf-8\"}\n\n---\n\n References\n\n- Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.\n- Modify your profile\n- Economic Growth Moderates Across Middle East\n- More Videos\n- Conference Lays Out Roadmap for Caucasus, Central Asia\n- Kyrgyz Republic Conference Focuses on the Twenty-Year Transition of the Caucasus and Central Asia Countries and the Road Ahead\n- Middle East: Regional Economic Outlooks Archive\n- Regional Economic Outlooks\n- IMF Regional Reports\n- World Economic Outlook Archives\n- Subscribe\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia" } ], "bullets": [ "[Markdown version](/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia/index.md)", "[Structured JSON version](/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia/index.json)", "[Bundle manifest](/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia/bundle-manifest.json)", "Published: May 20, 2013", "Series: Middle East and Central Asia", "Context:", "2012 performance:", "2013 outlook:", "Immediate challenges:", "Medium-term priorities:", "Policy recommendation highlights:", "Near-term outlook drivers:", "Risks to the outlook:", "Policy implications:", "**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**", "**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**", "**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**", "[Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.](https://www.imf.org/en/email-subscription/index)", "[Modify your profile](https://www.imf.org/en/email-subscription/login)", "[Economic Growth Moderates Across Middle East](https://www.imf.org/external/pubs/ft/survey/so/2013/CAR052113A.htm)", "[More Videos](https://www.imf.org/external/mmedia/view.aspx?st=Categories&variable=Economic+outlook)", "[Conference Lays Out Roadmap for Caucasus, Central Asia](https://www.imf.org/external/pubs/ft/survey/so/2013/CAR052113B.htm)", "[Kyrgyz Republic Conference Focuses on the Twenty-Year Transition of the Caucasus and Central Asia Countries and the Road Ahead](https://www.imf.org/external/np/sec/pr/2013/pr13181.htm)", "[Middle East: Regional Economic Outlooks Archive](https://www.imf.org/external/pubs/ft/reo/reorepts.aspx?ddlRegions=9&ddlYear=-1)", "[Regional Economic Outlooks](https://www.imf.org/external/pubs/ft/reo/reorepts.aspx)", "[IMF Regional Reports](https://www.imf.org/external/pubs/cat/region.asp)", "[World Economic Outlook Archives](https://www.imf.org/external/ns/cs.aspx?id=29)", "[Subscribe](https://www.imf.org/external/RSS/feeds.aspx?Category=PUBS_GF)", "[https://www.imf.org/en/home](https://www.imf.org/en/home)" ], "related": [ { "title": "الشرق الأوسط وشمال إفريقيا: تحديد المسار القادم - مستجدات آفاق الاقتصاد الإقليمي", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2013/mcd/_mena0513apdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2013/mcd/_mena0513apdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2013/mcd/_mena0513apdf.pdf", "mime": "application/pdf" } }, { "title": "عرض عن آفاق الاقتصاد الإقليمي: منطقة الشرق وشمال إفريقيا - مايو 2013", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2013/mcd/_mena0513papdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2013/mcd/_mena0513papdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2013/mcd/_mena0513papdf.pdf", "mime": "application/pdf" } }, { "title": "الشرق الأوسط وشمال إفريقيا: تحديد المسار القادم - مستجدات آفاق الاقتصاد الإقليمي", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2013/mcd/mena0513a.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2013/mcd/mena0513a.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2013/mcd/mena0513a.pdf", "mime": "application/pdf" } }, { "title": "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", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/reo/2013/mcd/_cca0513cpdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/reo/2013/mcd/_cca0513cpdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/reo/2013/mcd/_cca0513cpdf.pdf", "mime": "application/pdf" } }, { "title": "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", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/reo/2013/mcd/cca0513c.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/reo/2013/mcd/cca0513c.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/reo/2013/mcd/cca0513c.pdf", "mime": "application/pdf" } }, { "title": "_mena0513fpdf — Sections 1–2", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2013/mcd/_mena0513fpdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2013/mcd/_mena0513fpdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2013/mcd/_mena0513fpdf.pdf", "mime": "application/pdf" } }, { "title": "_mena0513pfpdf", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2013/mcd/_mena0513pfpdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2013/mcd/_mena0513pfpdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2013/mcd/_mena0513pfpdf.pdf", "mime": "application/pdf" } }, { "title": "Moyen-Orient et Afrique du Nord : définir la voie à suivre", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2013/mcd/mena0513f.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2013/mcd/mena0513f.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2013/mcd/mena0513f.pdf", "mime": "application/pdf" } }, { "title": "Caucasus and Central Asia: Favorable Near-Term Outlook Provides Opportunities for Reform", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_cca0513pdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_cca0513pdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_cca0513pdf.pdf", "mime": "application/pdf" } }, { "title": "Presentation: Regional Economic Outlook Caucasus and Central Asia - May 2013", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_cca0513ppdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_cca0513ppdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_cca0513ppdf.pdf", "mime": "application/pdf" } }, { "title": "Regional Economic Outlook Update: Middle East & Central Asia; May 2013", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_mcdreo0513pdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_mcdreo0513pdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_mcdreo0513pdf.pdf", "mime": "application/pdf" } }, { "title": "Regional Economic Outlook Update: Middle East and North Africa: Defining the Road Ahead, May 2013", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_mena0513pdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_mena0513pdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_mena0513pdf.pdf", "mime": "application/pdf" } }, { "title": "Presentation of the Middle East and North Africa Regional Economic Outlook; May 2013", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_mena0513ppdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_mena0513ppdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_mena0513ppdf.pdf", "mime": "application/pdf" } }, { "title": "Regional Economic Outlook in the Middle East and Central Asia: Statistical Appendix", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_menaccastatspdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_menaccastatspdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2013/mcd/eng/pdf/_menaccastatspdf.pdf", "mime": "application/pdf" } }, { "title": "Перспективы развития региональной экономики Кавказ и Центральная Азия; 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