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Regional economic outlook : Middle East and Central Asia, Paperback / softback Book

Regional economic outlook : Middle East and Central Asia Paperback / softback

Part of the World economic and financial surveys series

Paperback / softback

Out of Stock - We are unable to provide an estimated availability date for this product

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Growth in the near term remains subdued for oil exporters in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region, amid volatile oil prices, precarious global growth, elevated fiscal vulnerabilities, and heightened geopolitical tensions.

In addition, declining productivity is dampening medium-term growth prospects.

To reduce dependence on oil prices and pave the way for more sustainable growth, fiscal consolidation needs to resume, underpinned by improved medium-term fiscal frameworks.

In parallel, structural reforms and further financial sector development would boost foreign direct investment (FDI) and domestic private investment and foster diversification, thus contributing to improved productivity and potential growth.

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