Regional Economic Outlook: Middle East and Central Asia
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Regional Economic Outlook: Middle East and Central Asia

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The November 2013 Regional Economic Outlook: Middle East and Central Asia reports the near-term economic outlook for the Middle East region has weakened. Difficult political transitions and increased regional uncertainties weigh on confidence in the oil-importing countries. Growth in these countries remains well below the levels necessary to reduce high unemployment and improve living standards. Meanwhile, in the oil-exporting countries, weak global demand and domestic supply disruptions have reduced oil production, notwithstanding recent upward pressure arising from increased geopolitical risks. Medium-term economic prospects are clouded by rising fiscal vulnerabilities, declining productivity, and fragmented labour markets. Although economic activity in the Caucasus and Central Asia continues to expand at a fast pace, risks are also on the rise, including a further slowdown in Russia and China and unaddressed structural impediments.show more

Product details

  • Paperback | 277 pages
  • 152 x 230 x 6.35mm | 430.91g
  • International Monetary Fund (IMF)
  • Washington, DC, United States
  • English
  • col. figs, tables
  • 1513528521
  • 9781513528526