MENA : Recovering from the Crisis
The Middle East and North Africa region is recovering from the financial crisis along with the global economy. Growth in 2010 is expected to be 4.4 percent region-wide, driven by domestic absorption as well as a positive contribution from external...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2010/05/12540869/middle-east-north-africa-mena-recovering-crisis http://hdl.handle.net/10986/10929 |
| Summary: | The Middle East and North Africa region
is recovering from the financial crisis along with the
global economy. Growth in 2010 is expected to be 4.4 percent
region-wide, driven by domestic absorption as well as a
positive contribution from external demand. The recovery
from the crisis differs by country depending on initial
conditions and the intensity of the impact via the three
principal channels through which the global financial crisis
affected Middle East and North Africa (MENA) economies - the
financial sector, the price of oil, and the balance of
payments, reflecting the impact on trade, remittances and
Foreign Direct Investment (FDI) flows. |
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