Middle East and North Africa Economic Monitor, October 2014 : Corrosive Subsidies

The economic outlook for the Middle East and North Africa (MENA) region in 2015 is slightly more favorable than in 2013-14, when the region as a whole grew at 3 percent a year. The World Bank group’s latest MENA Economic Monitor projects MENA’s economic growth to average 5.2 percent in 2015 driven...

Full description

Bibliographic Details
Main Author:	Devarajan, Shantayanan
Format:	Publication
Language:	en_US
Published:	Washington, DC: World Bank 2014
Subjects:	Arab spring conflict development economics economic policy energy subsidies economic growth investment pollution poverty Arab transition countries water
Online Access:	http://hdl.handle.net/10986/20503

id	okr-10986-20503
recordtype	oai_dc
spelling	okr-10986-205032021-04-23T14:03:56Z Middle East and North Africa Economic Monitor, October 2014 : Corrosive Subsidies Devarajan, Shantayanan Arab spring conflict development economics economic policy energy subsidies economic growth investment pollution poverty Arab transition countries water The economic outlook for the Middle East and North Africa (MENA) region in 2015 is slightly more favorable than in 2013-14, when the region as a whole grew at 3 percent a year. The World Bank group’s latest MENA Economic Monitor projects MENA’s economic growth to average 5.2 percent in 2015 driven by domestic consumption, easing political tensions crowding-in investments in Egypt and Tunisia, and full resumption of oil production in Libya. However the violent conflicts in Syria, Iraq, Gaza, Yemen and Libya with their spillovers to Lebanon and Jordan could make MENA’s economic prospects bleak. The report has a special focus on the corrosive nature of the large energy subsidies in MENA. The MENA region is currently experiencing growth below potential, high unemployment, urban air pollution and congestion, and severe water scarcity that is undermining agriculture. The report shows how energy subsidies have contributed to these development challenges. Reforming these subsidies, therefore, should be one of the highest priorities of policymakers. 2014-11-10T19:52:59Z 2014-11-10T19:52:59Z 2014-11-10 978-1-4648-0442-7 http://hdl.handle.net/10986/20503 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo Washington, DC: World Bank Publications & Research :: Publication Middle East and North Africa Middle East
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	Arab spring conflict development economics economic policy energy subsidies economic growth investment pollution poverty Arab transition countries water
spellingShingle	Arab spring conflict development economics economic policy energy subsidies economic growth investment pollution poverty Arab transition countries water Devarajan, Shantayanan Middle East and North Africa Economic Monitor, October 2014 : Corrosive Subsidies
geographic_facet	Middle East and North Africa Middle East
description	The economic outlook for the Middle East and North Africa (MENA) region in 2015 is slightly more favorable than in 2013-14, when the region as a whole grew at 3 percent a year. The World Bank group’s latest MENA Economic Monitor projects MENA’s economic growth to average 5.2 percent in 2015 driven by domestic consumption, easing political tensions crowding-in investments in Egypt and Tunisia, and full resumption of oil production in Libya. However the violent conflicts in Syria, Iraq, Gaza, Yemen and Libya with their spillovers to Lebanon and Jordan could make MENA’s economic prospects bleak. The report has a special focus on the corrosive nature of the large energy subsidies in MENA. The MENA region is currently experiencing growth below potential, high unemployment, urban air pollution and congestion, and severe water scarcity that is undermining agriculture. The report shows how energy subsidies have contributed to these development challenges. Reforming these subsidies, therefore, should be one of the highest priorities of policymakers.
format	Publications & Research :: Publication
author	Devarajan, Shantayanan
author_facet	Devarajan, Shantayanan
author_sort	Devarajan, Shantayanan
title	Middle East and North Africa Economic Monitor, October 2014 : Corrosive Subsidies
title_short	Middle East and North Africa Economic Monitor, October 2014 : Corrosive Subsidies
title_full	Middle East and North Africa Economic Monitor, October 2014 : Corrosive Subsidies
title_fullStr	Middle East and North Africa Economic Monitor, October 2014 : Corrosive Subsidies
title_full_unstemmed	Middle East and North Africa Economic Monitor, October 2014 : Corrosive Subsidies
title_sort	middle east and north africa economic monitor, october 2014 : corrosive subsidies
publisher	Washington, DC: World Bank
publishDate	2014
url	http://hdl.handle.net/10986/20503
_version_	1764445599494569984

Middle East and North Africa Economic Monitor, October 2014 : Corrosive Subsidies

Similar Items