MENA Economies Hit by Conflicts, Civil Wars, and Lower Oil Prices
Against the backdrop of a slowing global economy and lower commodity prices, economic growth in the Middle East and North Africa (MENA) is stagnating. The World Bank 2015 MENA economic monitor report projects overall gross domestic product (GDP) gr...
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| Format: | Brief |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/10/25200871/mena-economies-hit-conflicts-civil-wars-lower-oil-prices http://hdl.handle.net/10986/23482 |
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okr-10986-234822021-04-23T14:04:15Z MENA Economies Hit by Conflicts, Civil Wars, and Lower Oil Prices Mottaghi, Lili OIL IMPORTERS DEFICIT FOREIGN CAPITAL OIL PRICES SECURITY INTERNATIONAL MARKET GLOBAL ECONOMY OIL EXPORTERS INVESTMENT OIL FISCAL DEFICITS LOW OIL PRICES INCOME MONEY MILLION BARRELS DEVELOPING COUNTRIES DEMAND FOR OIL EXPORTERS RETURN DEFICITS OIL EXPORTS CURRENT ACCOUNT DEFICIT INCOME LEVELS OIL FIELDS COMMODITY PRICES RESERVES MARKET POLITICAL UNCERTAINTY OIL PRODUCTION FINANCE FISCAL DEFICIT INVESTING Against the backdrop of a slowing global economy and lower commodity prices, economic growth in the Middle East and North Africa (MENA) is stagnating. The World Bank 2015 MENA economic monitor report projects overall gross domestic product (GDP) growth to be less than 3 percent for the third year running - about 2.8 percent for 2015. Low oil prices, conflicts, and the global economic slowdown make short-term prospects of recovery unlikely. In a positive scenario of decreasing tensions in Libya, Iraq, and Syria, together with recovery in the Euro area that can boost external demand, growth in the region can rebound to 4.4 percent in 2016 and the following year. However, if current circumstances persist, overall growth is not expected to recover any time soon. Since the 2011 Arab spring, though not necessarily because of it, the MENA region has seen a slowdown in economic growth, an escalation of violence and civil war and, more recently, substantial macroeconomic imbalances from lower oil prices. 2015-12-22T17:17:27Z 2015-12-22T17:17:27Z 2015-10 Brief http://documents.worldbank.org/curated/en/2015/10/25200871/mena-economies-hit-conflicts-civil-wars-lower-oil-prices http://hdl.handle.net/10986/23482 English en_US MENA knowledge and learning quick notes series,no. 151; 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 en_US |
| topic |
OIL IMPORTERS DEFICIT FOREIGN CAPITAL OIL PRICES SECURITY INTERNATIONAL MARKET GLOBAL ECONOMY OIL EXPORTERS INVESTMENT OIL FISCAL DEFICITS LOW OIL PRICES INCOME MONEY MILLION BARRELS DEVELOPING COUNTRIES DEMAND FOR OIL EXPORTERS RETURN DEFICITS OIL EXPORTS CURRENT ACCOUNT DEFICIT INCOME LEVELS OIL FIELDS COMMODITY PRICES RESERVES MARKET POLITICAL UNCERTAINTY OIL PRODUCTION FINANCE FISCAL DEFICIT INVESTING |
| spellingShingle |
OIL IMPORTERS DEFICIT FOREIGN CAPITAL OIL PRICES SECURITY INTERNATIONAL MARKET GLOBAL ECONOMY OIL EXPORTERS INVESTMENT OIL FISCAL DEFICITS LOW OIL PRICES INCOME MONEY MILLION BARRELS DEVELOPING COUNTRIES DEMAND FOR OIL EXPORTERS RETURN DEFICITS OIL EXPORTS CURRENT ACCOUNT DEFICIT INCOME LEVELS OIL FIELDS COMMODITY PRICES RESERVES MARKET POLITICAL UNCERTAINTY OIL PRODUCTION FINANCE FISCAL DEFICIT INVESTING Mottaghi, Lili MENA Economies Hit by Conflicts, Civil Wars, and Lower Oil Prices |
| geographic_facet |
Middle East and North Africa |
| relation |
MENA knowledge and learning quick notes series,no. 151; |
| description |
Against the backdrop of a slowing global
economy and lower commodity prices, economic growth in the
Middle East and North Africa (MENA) is stagnating. The World
Bank 2015 MENA economic monitor report projects overall
gross domestic product (GDP) growth to be less than 3
percent for the third year running - about 2.8 percent for
2015. Low oil prices, conflicts, and the global economic
slowdown make short-term prospects of recovery unlikely. In
a positive scenario of decreasing tensions in Libya, Iraq,
and Syria, together with recovery in the Euro area that can
boost external demand, growth in the region can rebound to
4.4 percent in 2016 and the following year. However, if
current circumstances persist, overall growth is not
expected to recover any time soon. Since the 2011 Arab
spring, though not necessarily because of it, the MENA
region has seen a slowdown in economic growth, an escalation
of violence and civil war and, more recently, substantial
macroeconomic imbalances from lower oil prices. |
| format |
Brief |
| author |
Mottaghi, Lili |
| author_facet |
Mottaghi, Lili |
| author_sort |
Mottaghi, Lili |
| title |
MENA Economies Hit by Conflicts, Civil Wars, and Lower Oil Prices |
| title_short |
MENA Economies Hit by Conflicts, Civil Wars, and Lower Oil Prices |
| title_full |
MENA Economies Hit by Conflicts, Civil Wars, and Lower Oil Prices |
| title_fullStr |
MENA Economies Hit by Conflicts, Civil Wars, and Lower Oil Prices |
| title_full_unstemmed |
MENA Economies Hit by Conflicts, Civil Wars, and Lower Oil Prices |
| title_sort |
mena economies hit by conflicts, civil wars, and lower oil prices |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/10/25200871/mena-economies-hit-conflicts-civil-wars-lower-oil-prices http://hdl.handle.net/10986/23482 |
| _version_ |
1764453966348812288 |