Analysis in a report from the world bank regional economic outlook. Wednesday, april 15, 2015 imf world economic outlook mena. The april 2011 edition of the world economic outlook assesses the global prospects for economic growth in the face of policy challenges that remain unaddressed and new challenges now coming to the fore. The last article iv executive board consultation was on april 24, 2019. The decline in oil prices, weak global growth and rising geopolitical risks plagued economic activity in the middle east and north africa mena in 2015. Wednesday, april 15, 2015 imf world economic outlook. Read our latest regional sum slideshare uses cookies to. World economic and financial sur veysregional economic outlook europe strengthening the recovery m ay 11i n t e r n a t i o n. Listed below are items related to macao special administrative region of the peoples republic of china. This statistic shows gross domestic product gdp of the mena countries in 2018. A better business environment, high commodity prices and improved global.
The latest oil production data show significant reductions. Top 20 african countries by dimensions of human development, 2015. Subsaharan africa is published twice a year, in the spring and fall, to. Measures to contain the covid19 outbreak will weigh heavily on domestic activity, while external demand will be limp. Bruegel based on international monetary fund, world economic outlook database, accessed in february 2017. Overall fiscal balance for the dominican republic in 2015 includes the grant element of the debt buyback operation with. Capdr central america, panama, and the dominican republic. Apr 12, 2016 imf chief economist maury obstfeld introduces the world economic outlook 2016 and highlights the funds findings and recommendations for policymakers going forward. Middle east and central asia reo is prepared by the imf s middle east and central asia department mcd. The imf, in its july 2018 world economic outlook update. International monetary fund imf world bank on indonesias economic growth. But the dominant concern now, says moderator martin wolf, associate editor and chief economics commentator at the financial times, is clearly political. Imf cuts world economic outlook for 2015 usa today.
Real gdp growth projection 2015, change from october 2014. May 2018 imf regional economic outlook for menap youtube. They also address economic policy developments that have affected economic performance in the regions, and discuss key challenges faced by policymakers. The session begins on a positive note the global economy is on the up. The global economic outlook world economic forum annual. The imfs stated goal was to assist in the reconstruction of the worlds international payment system postworld war ii. Middle east and central asia reo is prepared by the imfs middle east and central asia department mcd. These reports discuss recent economic developments and prospects for countries in various regions. In fact, quite a few economies in the region have become high performers without basing their success on natural resourcesthanks in no. The international monetary fund also said menap oil exporters can expect gross domestic product to expand 1. Mena facing challenges and opportunities indicates that current.
Recent developments growth in mena is expected to decelerate in 2017, driven by weakness in oil exporters. In this spirit, in our latest regional economic outlook. Subsaharan africa reo was prepared by a team led by. Regional economic outlook international monetary fund. International monetary fund imf data and statistics. Meanwhile, the world bank expects that indonesias economy will accelerate to 5. Regional economic outlook, april 2017, middle east and. May 04, 2018 economic activity in the middle east, north africa, afghanistan, and pakistan menap is strengthening, but the region is not fully benefitting from the stronger global outlook. Middle east and central asia regional economic outlook.
In the october 2016 regional economic outlook for mena, the imf assumed. Sep 20, 2017 the imfs outlook for the mena region has become over the years some sort of a report of a years economic policy result assessment of each country. In the october 2016 regional economic outlook for mena, the imf assumed oil sector growth of 2 per cent for the uae in 2017. Oil makes up more than 50 percent of total exports. International monetary fund, world economic outlook.
Brazil is affected by a drought, the tightening of mac. Miscellaneous publications other other official rpts and docs. According to a more complete set of data that accounts for around 75% of the regions nominal gdp, menas economy expanded 2. The analysis and projections contained in the mcd reo are integral elements of the departments surveillance of. World economic and financial sur veysregional economic outlook europe strengthening the recovery m ay 11i n t e r n a t i o n a l m o n e t a r y f u n d. The economic outlook for subsaharan africa is weakening. Outlook regional growth is projected to increase steadily after 2017, to 3. The funds approach to debt sustainability analysis differentiate between marketaccess countries macs, that typically have significant access to international capital markets, and lowincome countries lics, which meet their external financings needs mostly through concessional resources. The assessments of public and external debt sustainability are conducted in the context of both imf. Most highincome oil exporters, primarily in the gcc, continue to record steady growth and solid economic and financial fundamentals, albeit with mediumterm challenges that need to be addressed. January 2017 projections from the imfs world economic outlook see table 1.
The analysis and projections contained in the mcd reo are integral elements of the departments surveillance of economic developments and policies in 31 member countries. Imf study warns free trade seen as benefiting only a fortunate few this article is more than 3 years old policymakers must address needs of tradeaffected workers, international monetary fund. Mena facing challenges and opportunities indicates that current economic disruption in many mena countries is translating into lower growth in the short term now forecast at 3. Global economic prospects january 2018 economic outlook. Click here to download the imf regional economic outlook. Subsaharan africans economy is set to register another year of solid growth, although the expansion will be at the lower end of the range registered in recent years, mainly reflecting the severe impact of the sharp decline in oil prices on the regions oil exporters. General features and composition of groups in the world economic outlook classification 206 table a. World economic outlook weo, april 2015 uneven growth. Macao special administrative region of the peoples. Middle east and central asia see figure, the mediumterm outlook for oil prices remains subdued. In the gulf, the drag on gdp growth from this years oil production cuts will fade.
More recently, with rapidly rising us shale production, the price of oil has edged down. The april 2011 edition of the world economic outlook assesses the global prospects for economic growth in the face of policy challenges that remain unaddressed and new challenges now coming to. Subsaharan africans economy is set to register another year of solid growth, although the expansion will be at the lower end of the range registered in recent years, mainly reflecting the severe impact of the. Chris jarvis visited beirut from december 6 to, 2017 to take stock of recent economic and financial developments in lebanon. The world economic outlook weo is a survey by the imf staff published twice a. Imf chief economist maury obstfeld introduces the world economic outlook 2016 and highlights the funds findings and recommendations for policymakers going forward. Regional economic outlook reports reo imf data help.
Classification by world economic outlook groups and their shares in aggregate gdp, exports of goods and services, and population, 2015 207. Its appropriate that we are holding this panel on the day of the us presidents inauguration, he states. On june 9, imf african department director antoinette sayeh presented the imf s regional economic outlook for subsaharan africa, which argues that the regions mediumterm prospects remain. May 12, 2011 imf regional economic outlook europe may2011 1. According to a more complete set of data that accounts. Subsaharan africa a team of economists from the imfs african department show that africas continued success is more than a commodity story.
Imf releases new world economic outlook live rolling business and financial news, as the international monetary fund cuts its growth forecasts again, citing geopolitics and the eurozone. The international monetary fund imf is an international organization that was initiated in 1944 at the bretton woods conference and formally created in 1945 by 29 member countries. World economic situation and prospects 2015 asdf united nations new york, 2015 prerelease of chapter 1, global economic outlook. The analysis and projections contained in the mcd reo are. Mena countries largely recovered from global financial crisis. Middle east and central asia reo is prepared annually by the imfs middle east. Economic prospects for the middle east and north africa are going be dominated by two factors.
World economic outlook, october 2017 politico europe. Jihad azour countries of the middle east and north africa mena continue to face the challenge of generating inclusive and longlasting growth in the environment of low oil prices, ongoing conflicts, and concerns regarding regional security. Middle east, north africa, afghanistan, and pakistan. Imf downgrades global economic outlook again agency cuts 2015 global growth view to 3. They address regional policy developments and challenges, and provide countryspecific data and analysis, including through analytical pieces on. The imfs latest regional economic outlook for subsaharan africa. The imf s latest regional economic outlook for subsaharan africa. Imf study warns free trade seen as benefiting only a. Any difficulties shifting to a new model could pose a risk to the global economic outlook, the imf said, predicting 6. In a context of tightening global financial conditions, the large fiscal and current account deficits that prevail in some. The middle east, north africa, afghanistan, and pakistan. Chris jarvis visited beirut from december 6 to, 2017 to take stock of recent economic and financial developments in lebanon, assess the economic outlook, and discuss policy priorities. World economic outlook, selected topics imf executive board discussion of the outlook, march 2016.
Oct 23, 2015 economic prospects for the middle east and north africa are going be dominated by two factors. International monetary fund imf data and statistics gdp. Middle east and central asia is published annually in the. Revisions to 2018 output gap and 2015 18 growth forecasts. Dec, 2017 an international monetary fund imf team led by mr. Middle east and central asia reo is prepared annually by the imf s middle east and central asia department mcd. They address regional policy developments and challenges, and provide countryspecific data and analysis, including through analytical pieces on issues of interest to a particular region. Automatic fuel price adjustment mechanism planned for first half of 2015. Measures to contain the covid19 outbreak will weigh heavily on domestic activity, while. Debt sustainability analysis for marketaccess countries imf. Jihad azour countries of the middle east and north africa mena continue to face the challenge of generating. 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. Turning the corner growth across the middle east and north africa has slowed further this year, but it should recover in 2018 and 2019.
Excluding the largest economiesrussia and turkeythe imfs latest regional economic issues report projects the region to grow 2. The reason appears to be lower oil sector growth assumptions for this year, following opecs november agreement to cut output. In this context, the imf has been providing emergency assistance to help countries in the region during these challenging times. The recovery is gaining strength, but unemployment remains high in advanced economies, and new macroeconomic risks are building in emerging market economies. Regional economic outlook middle east and central asia. Emerging market and developing economies by region and main. On june 9, imf african department director antoinette sayeh presented the imfs regional economic outlook for subsaharan africa, which argues that the regions mediumterm prospects remain. This further illustrates the predominance of the oil sector in these economies, and their consequently. Generally, and despite the ongoing unrest in parts of the arab world and in its neighbouring countries, the nearterm economic outlook is very much subject to uncertainties of the global economy.
Maurice obstfeld, chief economist at international monetary fund, discusses the imfs world economic outlook, with a focus on china, the postbrexit u. Imf too pessimistic on gulf outlook the fund now expects the uaes economy to grow just 1. Jul 09, 2015 imf cuts world economic outlook for 2015. This october 2015 issue of the regional economic outlook. In this context, while the oil price assumptions for 2018 and 2019 have been revised upward relative to the october 2017 regional economic outlook. Oct 07, 2014 imf releases new world economic outlook live rolling business and financial news, as the international monetary fund cuts its growth forecasts again, citing geopolitics and the eurozone as key.
Oil makes up more than 50 percent of total exports from mena oil exporting countries figure 3. Growth for countries in the middle east, north africa, afghanistan, and pakistan menap region has weakened but remains broadly stable in the caucasus and central asia cca. Classification by world economic outlook groups and their shares in aggregate gdp, exports of. Strong growth in india, relatively strong growth in the united states, disappointing but improving growth in europe and japan, slowing growth in china and weakness in many other emerging. Middle east will see ballooning deficits tumble as oil.
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