Recent Economic Developments and Prospects

The global economy will grow 3 to 3.5 percent this year, 0.5 percent higher than last year s 2.6 percent, and surpassing the average growth rate of 3.1 percent during 2000-08, before the financial crisis. The magnitude of the gains will depend on,...

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Main Author:	Mottaghi, Lili
Format:	Brief
Language:	English en_US
Published:	2015
Subjects:	ACCOUNTING BARREL BARRELS PER DAY BUDGET DEFICIT CAPITAL INVESTMENTS CASH TRANSFER CENTRAL BANK COASTAL AREAS CRUDE OIL CRUDE OIL SUPPLY CRUDE PRICE CURRENT ACCOUNT DEFICIT ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS EXCESS SUPPLY EXPENDITURE EXPENDITURES EXPORTERS FINANCIAL CRISIS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY FUEL FUTURES FUTURES MARKET GAS GAS PRICES GASOLINE GLOBAL ECONOMY GOVERNMENT REVENUES INCOME INFLATION INFLATIONARY PRESSURES INVESTMENT SPENDING LIVING CONDITIONS LOW OIL PRICES OIL OIL BOOM OIL EXPORTERS OIL EXPORTS OIL FIELDS OIL IMPORTERS OIL IMPORTS OIL MARKET OIL PRICE OIL PRICE COLLAPSE OIL PRICES OIL PRODUCTION OIL REVENUES OIL SECTOR OIL SUPPLY PLEDGES PUBLIC INVESTMENT PUBLIC INVESTMENTS REAL EXCHANGE RATE REMITTANCES RESERVES STOCK MARKETS TRADE BALANCES
Online Access:	http://documents.worldbank.org/curated/en/2015/04/24398270/recent-economic-developments-prospects http://hdl.handle.net/10986/21766

id	okr-10986-21766
recordtype	oai_dc
spelling	okr-10986-217662021-04-23T14:04:05Z Recent Economic Developments and Prospects Mottaghi, Lili ACCOUNTING BARREL BARRELS PER DAY BUDGET DEFICIT CAPITAL INVESTMENTS CASH TRANSFER CENTRAL BANK COASTAL AREAS CRUDE OIL CRUDE OIL SUPPLY CRUDE PRICE CURRENT ACCOUNT DEFICIT ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS EXCESS SUPPLY EXPENDITURE EXPENDITURES EXPORTERS FINANCIAL CRISIS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY FUEL FUTURES FUTURES MARKET GAS GAS PRICES GASOLINE GLOBAL ECONOMY GOVERNMENT REVENUES INCOME INFLATION INFLATIONARY PRESSURES INVESTMENT SPENDING LIVING CONDITIONS LOW OIL PRICES OIL OIL BOOM OIL EXPORTERS OIL EXPORTS OIL FIELDS OIL IMPORTERS OIL IMPORTS OIL MARKET OIL PRICE OIL PRICE COLLAPSE OIL PRICES OIL PRODUCTION OIL REVENUES OIL SECTOR OIL SUPPLY PLEDGES PUBLIC INVESTMENT PUBLIC INVESTMENTS REAL EXCHANGE RATE REMITTANCES RESERVES STOCK MARKETS TRADE BALANCES The global economy will grow 3 to 3.5 percent this year, 0.5 percent higher than last year s 2.6 percent, and surpassing the average growth rate of 3.1 percent during 2000-08, before the financial crisis. The magnitude of the gains will depend on, among other factors, the share of oil imports in gross domestic product (GDP). Oil exporters (including Russia) can see a sharp fall in growth deteriorating fiscal balances with significant regional consequences. Low oil prices have significantly affected the economies of the oil exporters - accounting for 2-3 of the countries in the region. Economic growth in Middle East and North Africa (MENA) is expected to continue on the same path in 2016. If the security situation in Libya improves and oil exports increase, the regional average can surge to 4 percent to 5 percent in 2016. 2015-04-21T19:03:06Z 2015-04-21T19:03:06Z 2015-04 Brief http://documents.worldbank.org/curated/en/2015/04/24398270/recent-economic-developments-prospects http://hdl.handle.net/10986/21766 English en_US MENA knowledge and learning;issue no. 145 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research Publications & Research :: Brief
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING BARREL BARRELS PER DAY BUDGET DEFICIT CAPITAL INVESTMENTS CASH TRANSFER CENTRAL BANK COASTAL AREAS CRUDE OIL CRUDE OIL SUPPLY CRUDE PRICE CURRENT ACCOUNT DEFICIT ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS EXCESS SUPPLY EXPENDITURE EXPENDITURES EXPORTERS FINANCIAL CRISIS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY FUEL FUTURES FUTURES MARKET GAS GAS PRICES GASOLINE GLOBAL ECONOMY GOVERNMENT REVENUES INCOME INFLATION INFLATIONARY PRESSURES INVESTMENT SPENDING LIVING CONDITIONS LOW OIL PRICES OIL OIL BOOM OIL EXPORTERS OIL EXPORTS OIL FIELDS OIL IMPORTERS OIL IMPORTS OIL MARKET OIL PRICE OIL PRICE COLLAPSE OIL PRICES OIL PRODUCTION OIL REVENUES OIL SECTOR OIL SUPPLY PLEDGES PUBLIC INVESTMENT PUBLIC INVESTMENTS REAL EXCHANGE RATE REMITTANCES RESERVES STOCK MARKETS TRADE BALANCES
spellingShingle	ACCOUNTING BARREL BARRELS PER DAY BUDGET DEFICIT CAPITAL INVESTMENTS CASH TRANSFER CENTRAL BANK COASTAL AREAS CRUDE OIL CRUDE OIL SUPPLY CRUDE PRICE CURRENT ACCOUNT DEFICIT ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS EXCESS SUPPLY EXPENDITURE EXPENDITURES EXPORTERS FINANCIAL CRISIS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY FUEL FUTURES FUTURES MARKET GAS GAS PRICES GASOLINE GLOBAL ECONOMY GOVERNMENT REVENUES INCOME INFLATION INFLATIONARY PRESSURES INVESTMENT SPENDING LIVING CONDITIONS LOW OIL PRICES OIL OIL BOOM OIL EXPORTERS OIL EXPORTS OIL FIELDS OIL IMPORTERS OIL IMPORTS OIL MARKET OIL PRICE OIL PRICE COLLAPSE OIL PRICES OIL PRODUCTION OIL REVENUES OIL SECTOR OIL SUPPLY PLEDGES PUBLIC INVESTMENT PUBLIC INVESTMENTS REAL EXCHANGE RATE REMITTANCES RESERVES STOCK MARKETS TRADE BALANCES Mottaghi, Lili Recent Economic Developments and Prospects
relation	MENA knowledge and learning;issue no. 145
description	The global economy will grow 3 to 3.5 percent this year, 0.5 percent higher than last year s 2.6 percent, and surpassing the average growth rate of 3.1 percent during 2000-08, before the financial crisis. The magnitude of the gains will depend on, among other factors, the share of oil imports in gross domestic product (GDP). Oil exporters (including Russia) can see a sharp fall in growth deteriorating fiscal balances with significant regional consequences. Low oil prices have significantly affected the economies of the oil exporters - accounting for 2-3 of the countries in the region. Economic growth in Middle East and North Africa (MENA) is expected to continue on the same path in 2016. If the security situation in Libya improves and oil exports increase, the regional average can surge to 4 percent to 5 percent in 2016.
format	Brief
author	Mottaghi, Lili
author_facet	Mottaghi, Lili
author_sort	Mottaghi, Lili
title	Recent Economic Developments and Prospects
title_short	Recent Economic Developments and Prospects
title_full	Recent Economic Developments and Prospects
title_fullStr	Recent Economic Developments and Prospects
title_full_unstemmed	Recent Economic Developments and Prospects
title_sort	recent economic developments and prospects
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/04/24398270/recent-economic-developments-prospects http://hdl.handle.net/10986/21766
_version_	1764449343595610112

Recent Economic Developments and Prospects

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