{ "title": "Regional Economic Outlook: Middle East and Central Asia, Update", "publication": "Middle East and Central Asia, May 6, 2014", "sourceUrl": "https://www.imf.org/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia1", "canonical": "https://www.imf.org/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia1", "overlayPath": "/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia1/index.md", "summary": "Publication: Regional Economic Outlook Update: Middle East & Central Asia", "publishDate": "2014-05-06", "series": "Middle East and Central Asia", "sections": [ { "heading": "Overview", "content": "- Publication: Regional Economic Outlook Update: Middle East & Central Asia\n- Date: May 2014\n- Geographic focus: Middle East, North Africa, Pakistan and Afghanistan (MENAP); Caucasus and Central Asia (CCA)\n- General assessment:\n - Growth has been tepid across the MENAP region.\n - Growth is expected to strengthen in 2014 in line with an improved global outlook.\n - Risks to the CCA are tilted to the downside due to weakening growth momentum in emerging market trading partners." }, { "heading": "Middle East, North Africa, Pakistan and Afghanistan (MENAP) — Key findings", "content": "- 2013 dynamics:\n - Declines in oil production held back growth in the oil-exporting countries.\n - Weak private investment, amid political transitions and conflict, continued to take a toll on economic activity in the oil-importing countries.\n- 2014 outlook:\n - Growth is expected to strengthen this year in line with an improved global outlook.\n- Structural and policy challenges:\n - Weak confidence and, in some cases, large public deficits will continue to weigh on the region's economic prospects.\n - Deeper economic transformations are necessary to ensure robust and inclusive growth and creation of enough jobs for the rapidly-growing labor force." }, { "heading": "Caucasus and Central Asia (CCA) — Key findings", "content": "- Growth projection:\n - Economic growth in the Caucasus and Central Asia (CCA) is expected to decline from 6½ percent in 2013 to 6 percent in 2014.\n- Drivers and risks:\n - The projected slowdown is mainly because of weakening growth momentum in emerging market trading partners (particularly, China, Russia, and Turkey) and a temporary decline in oil output growth in Kazakhstan.\n - Risks remain tilted to the downside. In particular, a slowdown in emerging market trading partners may weaken exports, foreign direct investment, and remittances." }, { "heading": "Policy priorities and recommendations", "content": "- Rebuild buffers and increase exchange rate flexibility to help adjust to unanticipated shocks.\n- Strengthen macroeconomic frameworks to provide a more credible anchor to economies.\n- Address rapid credit growth in some countries by strengthening prudential policies to ensure the continued soundness of financial institutions.\n- Implement structural reforms to improve the business environment and governance.\n- Pursue closer regional cooperation to enable CCA countries to achieve their goal of becoming dynamic emerging market economies.\n\nRegional Economic Outlook: Middle East and Central Asia, Update — May 2014\n\n---\n\n Content in this bundle\n\n- menap0514apdf\n - menap0514apdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - menap0514apdf (PDF){rel=\"external\" type=\"application/pdf\"}\n- عرض عن مستجدات آفاق الاقتصاد الإقليمي: في الشرق الأوسط وآسيا الوسطى؛ 6 مايو 2014\n - عرض عن مستجدات آفاق الاقتصاد الإقليمي: في الشرق الأوسط وآسيا الوسطى؛ 6 مايو 2014 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - عرض عن مستجدات آفاق الاقتصاد الإقليمي: في الشرق الأوسط وآسيا الوسطى؛ 6 مايو 2014 (PDF){rel=\"external\" type=\"application/pdf\"}\n- 高加索和中亚地区经济展望：增速放缓，不确定性因素增加 -- 2014年5月6\n - 高加索和中亚地区经济展望：增速放缓，不确定性因素增加 -- 2014年5月6 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - 高加索和中亚地区经济展望：增速放缓，不确定性因素增加 -- 2014年5月6 (PDF){rel=\"external\" type=\"application/pdf\"}\n- 高加索与中亚地区：增速放缓，不确定性因素增加\n - 高加索与中亚地区：增速放缓，不确定性因素增加 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - 高加索与中亚地区：增速放缓，不确定性因素增加 (PDF){rel=\"external\" type=\"application/pdf\"}\n- menap0514fpdf\n - menap0514fpdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - menap0514fpdf (PDF){rel=\"external\" type=\"application/pdf\"}\n- Perspectives économiques régionales\n - Perspectives économiques régionales (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Perspectives économiques régionales (PDF){rel=\"external\" type=\"application/pdf\"}\n- menap0514f\n - menap0514f (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - menap0514f (PDF){rel=\"external\" type=\"application/pdf\"}\n- CCA Hydrocarbon Importers / Exporters — REO Update, May 2014\n - CCA Hydrocarbon Importers / Exporters — REO Update, May 2014 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - CCA Hydrocarbon Importers / Exporters — REO Update, May 2014 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Regional Economic Outlook Update: Middle East & Central Asia; May 2014\n - Regional Economic Outlook Update: Middle East & Central Asia; May 2014 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Regional Economic Outlook Update: Middle East & Central Asia; May 2014 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Middle East, North Africa, Pakistan and Afghanistan: Turning the Corner?\n - Middle East, North Africa, Pakistan and Afghanistan: Turning the Corner? (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Middle East, North Africa, Pakistan and Afghanistan: Turning the Corner? (PDF){rel=\"external\" type=\"application/pdf\"}\n- Middle East and Central Asia Regional Economic Outlook; Presentation -- May 6, 2014\n - Middle East and Central Asia Regional Economic Outlook; Presentation -- May 6, 2014 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Middle East and Central Asia Regional Economic Outlook; Presentation -- May 6, 2014 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Regional Economic Outlook MENACCA -- Statistical Appendix -- May 6 , 2014\n - Regional Economic Outlook MENACCA -- Statistical Appendix -- May 6 , 2014 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Regional Economic Outlook MENACCA -- Statistical Appendix -- May 6 , 2014 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Регион Кавказа и Центральной Азии: замедление роста и повышение неопределенности\n - Регион Кавказа и Центральной Азии: замедление роста и повышение неопределенности (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Регион Кавказа и Центральной Азии: замедление роста и повышение неопределенности (PDF){rel=\"external\" type=\"application/pdf\"}\n- Регион Кавказа и Центральной Азии: замедление роста и повышение неопределенности\n - Регион Кавказа и Центральной Азии: замедление роста и повышение неопределенности (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Регион Кавказа и Центральной Азии: замедление роста и повышение неопределенности (PDF){rel=\"external\" type=\"application/pdf\"}\n- Menapst0514\n - Menapst0514 (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- 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-asia1" } ], "bullets": [ "[Markdown version](/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia1/index.md)", "[Structured JSON version](/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia1/index.json)", "[Bundle manifest](/en/publications/reo/meca/issues/2017/01/07/regional-economic-outlook-update-middle-east-central-asia1/bundle-manifest.json)", "Published: May 6, 2014", "Series: Middle East and Central Asia", "Publication: Regional Economic Outlook Update: Middle East & Central Asia", "Date: May 2014", "Geographic focus: Middle East, North Africa, Pakistan and Afghanistan (MENAP); Caucasus and Central Asia (CCA)", "General assessment:", "2013 dynamics:", "2014 outlook:", "Structural and policy challenges:", "Growth projection:", "Drivers and risks:", "Rebuild buffers and increase exchange rate flexibility to help adjust to unanticipated shocks.", "Strengthen macroeconomic frameworks to provide a more credible anchor to economies.", "Address rapid credit growth in some countries by strengthening prudential policies to ensure the continued soundness of financial institutions.", "Implement structural reforms to improve the business environment and governance.", "Pursue closer regional cooperation to enable CCA countries to achieve their goal of becoming dynamic emerging market economies.", "**menap0514apdf**", "**عرض عن مستجدات آفاق الاقتصاد الإقليمي: في الشرق الأوسط وآسيا الوسطى؛ 6 مايو 2014**", "**高加索和中亚地区经济展望：增速放缓，不确定性因素增加 -- 2014年5月6**", "**高加索与中亚地区：增速放缓，不确定性因素增加**", "**_menap0514fpdf**", "**Perspectives économiques régionales**", "**menap0514f**", "**CCA Hydrocarbon Importers / Exporters — REO Update, May 2014**", "**Regional Economic Outlook Update: Middle East & Central Asia; May 2014**", "**Middle East, North Africa, Pakistan and Afghanistan: Turning the Corner?**", "**Middle East and Central Asia Regional Economic Outlook; Presentation -- May 6, 2014**", "**Regional Economic Outlook MENACCA -- Statistical Appendix -- May 6 , 2014**", "**Регион Кавказа и Центральной Азии: замедление роста и повышение неопределенности**", "**Регион Кавказа и Центральной Азии: замедление роста и повышение неопределенности**", "**Menapst0514**", "[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)", "[https://www.imf.org/en/home](https://www.imf.org/en/home)" ], "related": [ { "title": "menap0514apdf", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2014/mcd/_menap0514apdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2014/mcd/_menap0514apdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2014/mcd/_menap0514apdf.pdf", "mime": "application/pdf" } }, { "title": "عرض عن مستجدات آفاق الاقتصاد الإقليمي: في الشرق الأوسط وآسيا الوسطى؛ 6 مايو 2014", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2014/mcd/_menap0514appdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2014/mcd/_menap0514appdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/reo/2014/mcd/_menap0514appdf.pdf", "mime": "application/pdf" } }, { "title": "高加索和中亚地区经济展望：增速放缓，不确定性因素增加 -- 2014年5月6", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/reo/2014/mcd/_cca0514cpdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/reo/2014/mcd/_cca0514cpdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/reo/2014/mcd/_cca0514cpdf.pdf", "mime": "application/pdf" } }, { "title": "高加索与中亚地区：增速放缓，不确定性因素增加", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/reo/2014/mcd/cca0514c.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/reo/2014/mcd/cca0514c.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/reo/2014/mcd/cca0514c.pdf", "mime": "application/pdf" } }, { "title": "_menap0514fpdf", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2014/mcd/_menap0514fpdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2014/mcd/_menap0514fpdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2014/mcd/_menap0514fpdf.pdf", "mime": "application/pdf" } }, { "title": "Perspectives économiques régionales", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2014/mcd/_menap0514fppdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2014/mcd/_menap0514fppdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2014/mcd/_menap0514fppdf.pdf", "mime": "application/pdf" } }, { "title": "menap0514f", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2014/mcd/menap0514f.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2014/mcd/menap0514f.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2014/mcd/menap0514f.pdf", "mime": "application/pdf" } }, { "title": "CCA Hydrocarbon Importers / Exporters — REO Update, May 2014", "role": "document", "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2014/mcd/eng/pdf/_cca0514pdf.pdf", "summary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2014/mcd/eng/pdf/_cca0514pdf.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2014/mcd/eng/pdf/_cca0514pdf.pdf", "mime": "application/pdf" } }, { "title": "Regional Economic Outlook Update: Middle East & Central Asia; 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