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BOOK EXCERPT:
The outlook for the Middle East and North Africa region is mixed. Oil-importing countries are witnessing tepid growth, and the moderate recovery expected in 2013 is subject to heightened downside risks. For the Arab countries in transition, ongoing political transitions also weigh on growth. With policy buffers largely eroded, the need for action on macroeconomic stabilization and growth-oriented reforms is becoming increasingly urgent. Countries will need to put in place safety nets to protect the poor and build consensus for some difficult fiscal choices. The region’s oil exporters are expected to post solid growth in 2012, in part due to Libya’s better-than-expected postwar recovery. In the countries of the Gulf Cooperation Council, robust growth is supported by expansionary fiscal policies and accommodative monetary conditions. In the Caucasus and Central Asia, the outlook remains favorable, reflecting high oil prices that are benefiting oil and gas exporters, supportive commodity prices and remittance inflows benefiting oil and gas importers, and, for both groups, moderate direct exposure to Europe. The positive outlook provides an opportunity to strengthen policy buffers to prepare for any downside risks.
Product Details :
Genre |
: Business & Economics |
Author |
: International Monetary Fund. Middle East and Central Asia Dept. |
Publisher |
: International Monetary Fund |
Release |
: 2012-11-09 |
File |
: 131 Pages |
ISBN-13 |
: 9781475578379 |
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BOOK EXCERPT:
This paper quantifies the effect of realized and potential global growth disappointments on export volumes from the Middle East, North Africa, the Caucasus, and Central Asia. Estimates of export elasticities with respect to trading partner GDP indicate non-oil export volumes are relatively responsive while service exports are less responsive. Downward revisions to global GDP growth for 2011–14 have impeded export performance, and the possibility of disappointing GDP growth in Europe and emerging markets presents further downside risks for exports. The Maghreb countries are particularly sensitive to developments in Europe, while CCA countries are more susceptible to growth in the BRICS.
Product Details :
Genre |
: Business & Economics |
Author |
: Mr.Alberto Behar |
Publisher |
: International Monetary Fund |
Release |
: 2014-05-09 |
File |
: 31 Pages |
ISBN-13 |
: 9781484380796 |
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BOOK EXCERPT:
This Volume 17 of the African Development Perspectives Yearbook considers the following major issues: the macroeconomic policies in post-conflict countries (especially reviews of growth, social progress, and public finance strategies in medium-term frameworks) with Sudan and South Sudan as the country cases; and macroeconomic policy formation in West Africa -- with case studies presented on Senegal and Nigeria in the West African Monetary Zone and the CFA Zone. In addition, the book presents book reviews and book notes. (Series: African Development Perspectives Yearbook - Vol. 17) [Subject: African Studies, Economics]
Product Details :
Genre |
: Business & Economics |
Author |
: Karl Wohlmuth |
Publisher |
: LIT Verlag Münster |
Release |
: 2014 |
File |
: 407 Pages |
ISBN-13 |
: 9783643905222 |
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BOOK EXCERPT:
The changing political landscape in the Arab world has created opportunities for economic transformation by tackling long-standing economic issues. Nevertheless, three years after the onset of political transition, implementing necessary economic policies has proven to be challenging. This paper lays out key elements of economic policy reform for Arab countries in transition.
Product Details :
Genre |
: Business & Economics |
Author |
: Mr.Harald Finger |
Publisher |
: International Monetary Fund |
Release |
: 2014-04-11 |
File |
: 113 Pages |
ISBN-13 |
: 9781484311462 |
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BOOK EXCERPT:
As in other regions in the world, countries in MENAP and CCA regions are exposed to tightening in global financing conditions and ongoing global trade tensions. The former has already begun to impact several emerging market economies in MENAP and could have more severe implications should financial market sentiment suddenly deteriorate. Escalating global trade tensions will have a limited direct and immediate impact on these regions but could impart significant strains over time through negative effects on trading partners and through market confidence effects.
Product Details :
Genre |
: Business & Economics |
Author |
: International Monetary Fund. Middle East and Central Asia Dept. |
Publisher |
: International Monetary Fund |
Release |
: 2018-10-24 |
File |
: 80 Pages |
ISBN-13 |
: 9781484375389 |
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BOOK EXCERPT:
This issue discusses economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), which continue to reflect the diversity of conditions prevailing across the region. Most high-income oil exporters, primarily in the GCC, continue to record steady growth and solid economic and financial fundamentals, albeit with medium-term challenges that need to be addressed. In contrast, other countries—Iraq, Libya, and Syria—are mired in conflicts with not only humanitarian but also economic consequences. And yet other countries, mostly oil importers, are making continued but uneven progress in advancing their economic agendas, often in tandem with political transitions and amidst difficult social conditions. In most of these countries, without extensive economic and structural reforms, economic prospects for the medium term remain insufficient to reduce high unemployment and improve living standards.
Product Details :
Genre |
: Business & Economics |
Author |
: International Monetary Fund. Middle East and Central Asia Dept. |
Publisher |
: International Monetary Fund |
Release |
: 2014-10-27 |
File |
: 120 Pages |
ISBN-13 |
: 9781498343732 |
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BOOK EXCERPT:
We quantify the extent to which public-sector employment crowds out private-sector employment using specially assembled datasets for a large cross-section of developing and advanced countries, and discuss the implications for countries in the Middle East, North Africa, Caucasus and Central Asia. These countries simultaneously display high unemployment rates, low private-sector employment rates and high proportions of government-sector employment. Regressions of either private-sector employment rates or unemployment rates on two measures of public-sector employment point to full crowding out. This means that high rates of public employment, which incur substantial fiscal costs, have a large negative impact on private employment rates and do not reduce overall unemployment rates.
Product Details :
Genre |
: Business & Economics |
Author |
: Mr.Alberto Behar |
Publisher |
: International Monetary Fund |
Release |
: 2013-06-12 |
File |
: 38 Pages |
ISBN-13 |
: 9781484329412 |
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BOOK EXCERPT:
The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the "fiscal cliff" facing U.S. policymakers. Reducing the risks to the medium-term outlook implies reducing public debt in the major advanced economies, and Chapter 3 explores 100 years of history of dealing with public debt overhangs. In emerging market and developing economies, activity has been slowed by policy tightening in response to capacity constraints, weaker demand from advanced economies, and country-specific factors, but policy improvements have raised these economies' resilience to shocks, an issue explored in depth in Chapter 4.
Product Details :
Genre |
: Business & Economics |
Author |
: International Monetary Fund. Research Dept. |
Publisher |
: International Monetary Fund |
Release |
: 2012-10-08 |
File |
: 251 Pages |
ISBN-13 |
: 9781475562903 |
eBook Download
BOOK EXCERPT:
This issue discusses economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), which continue to reflect the diversity of conditions prevailing across the region. Most high-income oil exporters, primarily in the GCC, continue to record steady growth and solid economic and financial fundamentals, albeit with medium-term challenges that need to be addressed. In contrast, other countries—Iraq, Libya, and Syria—are mired in conflicts with not only humanitarian but also economic consequences. And yet other countries, mostly oil importers, are making continued but uneven progress in advancing their economic agendas, often in tandem with political transitions and amidst difficult social conditions. In most of these countries, without extensive economic and structural reforms, economic prospects for the medium term remain insufficient to reduce high unemployment and improve living standards.
Product Details :
Genre |
: Business & Economics |
Author |
: International Monetary Fund. Middle East and Central Asia Dept. |
Publisher |
: International Monetary Fund |
Release |
: 2015-10-21 |
File |
: 128 Pages |
ISBN-13 |
: 9781513528526 |
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BOOK EXCERPT:
Global economic prospects have improved again, but the bumpy recovery and skewed macroeconomic policy mix in advanced economies are complicating policymaking in emerging market economies. Chapter 3 examines the prospects for inflation, particularly because inflation was remarkably stable in the wake of the Great Recession and, in fact, has become less responsive to cyclical conditions. Chapter 4 examines whether today’s fast-growing, dynamic low-income countries are likely to maintain their momentum and avoid the reversals that afflicted many such countries in the past.
Product Details :
Genre |
: Business & Economics |
Author |
: International Monetary Fund. Research Dept. |
Publisher |
: International Monetary Fund |
Release |
: 2013-04-16 |
File |
: 204 Pages |
ISBN-13 |
: 9781616355555 |