MENA Regional Economic Update

Regional events continue to affect the short-term economic prospects in the Middle East and North Africa (MENA), while major developments in the global economy over the past six months have put the region on a two-track growth path for 2012. These...

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Main Authors:	Freund, Caroline, Ianchovichina, Elena
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	APPROACH CRUDE OIL CRUDE OIL PRICES ECONOMIC STABILITY ENERGY PRICES HIGH OIL PRICES NET OIL NUCLEAR ENERGY OIL EXPORTERS OIL EXPORTING OIL EXPORTING COUNTRIES OIL IMPORTERS OIL IMPORTING OIL IMPORTING COUNTRIES OIL MARKETS OIL PRICES OIL REVENUES OIL SUPPLY OIL SUPPLY DISRUPTIONS TURBULENCE
Online Access:	http://documents.worldbank.org/curated/en/2012/05/16252969/mena-regional-economic-update http://hdl.handle.net/10986/10838

id	okr-10986-10838
recordtype	oai_dc
spelling	okr-10986-108382021-04-23T14:02:52Z MENA Regional Economic Update Freund, Caroline Ianchovichina, Elena APPROACH CRUDE OIL CRUDE OIL PRICES ECONOMIC STABILITY ENERGY PRICES HIGH OIL PRICES NET OIL NUCLEAR ENERGY OIL EXPORTERS OIL EXPORTING OIL EXPORTING COUNTRIES OIL IMPORTERS OIL IMPORTING OIL IMPORTING COUNTRIES OIL MARKETS OIL PRICES OIL REVENUES OIL SUPPLY OIL SUPPLY DISRUPTIONS TURBULENCE Regional events continue to affect the short-term economic prospects in the Middle East and North Africa (MENA), while major developments in the global economy over the past six months have put the region on a two-track growth path for 2012. These developments include a significant rise in crude oil prices on fears of oil supply disruptions and weak economic activity in the Eurozone. Economic growth of MENA's oil exporting countries will be strong as it rebounds from the average of 3.4 percent in 2011 to 5.4 percent in 2012. In sum, growth in MENA will rebound and approach 4.8 percent in 2012, rising about 2 percentage points relative to growth in 2011. This aggregate outcome however hides a two-track growth forecast. Oil exporters will grow much faster relative to oil importers and relative to 2011, provided oil prices remain strong. Oil importers, especially those recovering after political turbulence, remain in vulnerable positions and will grow at half the pace registered by oil exporters. Risks are multiple and reflect the heterogeneous domestic conditions across MENA, especially in the oil importers and in the global economy. 2012-08-13T13:14:56Z 2012-08-13T13:14:56Z 2012-05 http://documents.worldbank.org/curated/en/2012/05/16252969/mena-regional-economic-update http://hdl.handle.net/10986/10838 English MENA Knowledge and Learning Quick Notes Series; No. 65 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Middle East and North Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	APPROACH CRUDE OIL CRUDE OIL PRICES ECONOMIC STABILITY ENERGY PRICES HIGH OIL PRICES NET OIL NUCLEAR ENERGY OIL EXPORTERS OIL EXPORTING OIL EXPORTING COUNTRIES OIL IMPORTERS OIL IMPORTING OIL IMPORTING COUNTRIES OIL MARKETS OIL PRICES OIL REVENUES OIL SUPPLY OIL SUPPLY DISRUPTIONS TURBULENCE
spellingShingle	APPROACH CRUDE OIL CRUDE OIL PRICES ECONOMIC STABILITY ENERGY PRICES HIGH OIL PRICES NET OIL NUCLEAR ENERGY OIL EXPORTERS OIL EXPORTING OIL EXPORTING COUNTRIES OIL IMPORTERS OIL IMPORTING OIL IMPORTING COUNTRIES OIL MARKETS OIL PRICES OIL REVENUES OIL SUPPLY OIL SUPPLY DISRUPTIONS TURBULENCE Freund, Caroline Ianchovichina, Elena MENA Regional Economic Update
geographic_facet	Middle East and North Africa
relation	MENA Knowledge and Learning Quick Notes Series; No. 65
description	Regional events continue to affect the short-term economic prospects in the Middle East and North Africa (MENA), while major developments in the global economy over the past six months have put the region on a two-track growth path for 2012. These developments include a significant rise in crude oil prices on fears of oil supply disruptions and weak economic activity in the Eurozone. Economic growth of MENA's oil exporting countries will be strong as it rebounds from the average of 3.4 percent in 2011 to 5.4 percent in 2012. In sum, growth in MENA will rebound and approach 4.8 percent in 2012, rising about 2 percentage points relative to growth in 2011. This aggregate outcome however hides a two-track growth forecast. Oil exporters will grow much faster relative to oil importers and relative to 2011, provided oil prices remain strong. Oil importers, especially those recovering after political turbulence, remain in vulnerable positions and will grow at half the pace registered by oil exporters. Risks are multiple and reflect the heterogeneous domestic conditions across MENA, especially in the oil importers and in the global economy.
format	Publications & Research :: Brief
author	Freund, Caroline Ianchovichina, Elena
author_facet	Freund, Caroline Ianchovichina, Elena
author_sort	Freund, Caroline
title	MENA Regional Economic Update
title_short	MENA Regional Economic Update
title_full	MENA Regional Economic Update
title_fullStr	MENA Regional Economic Update
title_full_unstemmed	MENA Regional Economic Update
title_sort	mena regional economic update
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2012/05/16252969/mena-regional-economic-update http://hdl.handle.net/10986/10838
_version_	1764414562633777152

MENA Regional Economic Update

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