Middle East and North Africa Economic Monitor, April 2018 : Economic Transformation
After a sharp fall in 2017, economic growth in MENA is projected to rebound to 3.1 percent in 2018, thanks to the positive global outlook, oil prices stabilizing at relatively higher levels, stabilization policies and reforms, and recovery and reconstruction as conflicts recede. The outlook for ME...
| Main Authors: | , , , , , |
|---|---|
| Format: | Serial |
| Language: | English |
| Published: |
Washington, DC: World Bank
2018
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/29649 |
| id |
okr-10986-29649 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-296492021-04-23T14:04:53Z Middle East and North Africa Economic Monitor, April 2018 : Economic Transformation Arezki, Rabah Mottaghi, Lili Barone, Andrea Fan, Rachel Yuting Kiendrebeogo, Youssouf Lederman, Daniel IDPS CIVIL WAR CONFLICT ECONOMIC POLICY GREEN SHOOTS GROWTH INTERNATIONAL COMMUNITY OIL PRICES PEACE PIL EXPORTERS POVERTY REFUGEES VOLATILITY INVOLUNTARY DISPLACEMENT INVOLUNTARILY DISPLACED PERSONS PUBLIC-PRIVATE PARTNERSHIPS ARAB COUNTRIES PUBLIC DEBT ENERGY MARKETS STATE-OWNED ENTERPRISES RISKS After a sharp fall in 2017, economic growth in MENA is projected to rebound to 3.1 percent in 2018, thanks to the positive global outlook, oil prices stabilizing at relatively higher levels, stabilization policies and reforms, and recovery and reconstruction as conflicts recede. The outlook for MENA remains positive, and the growth rebound is expected to gain momentum over the next two years, exceeding 3 percent in 2020. While stabilization policies have helped economies adjust in recent years, .a second phase of reforms is needed should be transformative if the region is to reach its potential and create jobs for hundred million young people who will enter the labor market in coming decades. In this report, we explore the role that public-private partnerships can play. not only in providing an alternative source of financing but in helping change the role of the state from the main provider of employment to an enabler of private sector activity. Studies have shown that the gap between MENA economies and fast-growing ones is the performance of the services sector. The disruptive technology offers new opportunities for boosting private-sector-led growth through enhancement of high-tech jobs in the services sector. The report argues that combining the region's fast-growing pool of university graduates and a heavy penetration of social media and smartphone, could serve as the foundation for a digital sector that could create much-needed private sector jobs for the youth over the next decade. 2018-04-10T15:26:09Z 2018-04-10T15:26:09Z 2018-04-16 Serial 978-1-4648-1288-0 http://hdl.handle.net/10986/29649 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication Middle East and North Africa Middle East North Africa Libya Syrian Arab Republic Yemen, Republic of |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
IDPS CIVIL WAR CONFLICT ECONOMIC POLICY GREEN SHOOTS GROWTH INTERNATIONAL COMMUNITY OIL PRICES PEACE PIL EXPORTERS POVERTY REFUGEES VOLATILITY INVOLUNTARY DISPLACEMENT INVOLUNTARILY DISPLACED PERSONS PUBLIC-PRIVATE PARTNERSHIPS ARAB COUNTRIES PUBLIC DEBT ENERGY MARKETS STATE-OWNED ENTERPRISES RISKS |
| spellingShingle |
IDPS CIVIL WAR CONFLICT ECONOMIC POLICY GREEN SHOOTS GROWTH INTERNATIONAL COMMUNITY OIL PRICES PEACE PIL EXPORTERS POVERTY REFUGEES VOLATILITY INVOLUNTARY DISPLACEMENT INVOLUNTARILY DISPLACED PERSONS PUBLIC-PRIVATE PARTNERSHIPS ARAB COUNTRIES PUBLIC DEBT ENERGY MARKETS STATE-OWNED ENTERPRISES RISKS Arezki, Rabah Mottaghi, Lili Barone, Andrea Fan, Rachel Yuting Kiendrebeogo, Youssouf Lederman, Daniel Middle East and North Africa Economic Monitor, April 2018 : Economic Transformation |
| geographic_facet |
Middle East and North Africa Middle East North Africa Libya Syrian Arab Republic Yemen, Republic of |
| description |
After a sharp fall in 2017, economic growth in MENA is projected to rebound to 3.1 percent in 2018, thanks
to the positive global outlook, oil prices stabilizing at relatively higher levels, stabilization policies and
reforms, and recovery and reconstruction as conflicts recede. The outlook for MENA remains positive, and
the growth rebound is expected to gain momentum over the next two years, exceeding 3 percent in 2020.
While stabilization policies have helped economies adjust in recent years, .a second phase of reforms is
needed should be transformative if the region is to reach its potential and create jobs for hundred million
young people who will enter the labor market in coming decades. In this report, we explore the role that
public-private partnerships can play. not only in providing an alternative source of financing but in helping
change the role of the state from the main provider of employment to an enabler of private sector activity.
Studies have shown that the gap between MENA economies and fast-growing ones is the performance of the
services sector. The disruptive technology offers new opportunities for boosting private-sector-led growth
through enhancement of high-tech jobs in the services sector. The report argues that combining the region's
fast-growing pool of university graduates and a heavy penetration of social media and smartphone, could
serve as the foundation for a digital sector that could create much-needed private sector jobs for the youth
over the next decade. |
| format |
Serial |
| author |
Arezki, Rabah Mottaghi, Lili Barone, Andrea Fan, Rachel Yuting Kiendrebeogo, Youssouf Lederman, Daniel |
| author_facet |
Arezki, Rabah Mottaghi, Lili Barone, Andrea Fan, Rachel Yuting Kiendrebeogo, Youssouf Lederman, Daniel |
| author_sort |
Arezki, Rabah |
| title |
Middle East and North Africa Economic Monitor, April 2018 : Economic Transformation |
| title_short |
Middle East and North Africa Economic Monitor, April 2018 : Economic Transformation |
| title_full |
Middle East and North Africa Economic Monitor, April 2018 : Economic Transformation |
| title_fullStr |
Middle East and North Africa Economic Monitor, April 2018 : Economic Transformation |
| title_full_unstemmed |
Middle East and North Africa Economic Monitor, April 2018 : Economic Transformation |
| title_sort |
middle east and north africa economic monitor, april 2018 : economic transformation |
| publisher |
Washington, DC: World Bank |
| publishDate |
2018 |
| url |
http://hdl.handle.net/10986/29649 |
| _version_ |
1764469885946036224 |