Middle East and North Africa Economic Developments and Prospects, 2009 : Navigating through the Global Recession

The objective of this 2009 Middle East and North Africa (MENA) economic developments and prospects is to review the implication of the triple food-fuel-financial crisis for MENA economies. Chapter one reviews the year 2008 and the first few months...

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Main Author: World Bank
Format: Economic Updates and Modeling
Language:English
en_US
Published: Washington, DC 2014
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2009/01/11522490/middle-east-north-africa-region-2009-economic-developments-prospects-navigating-through-global-recession
http://hdl.handle.net/10986/16806
id okr-10986-16806
recordtype oai_dc
spelling okr-10986-168062021-04-23T14:03:31Z Middle East and North Africa Economic Developments and Prospects, 2009 : Navigating through the Global Recession World Bank ECONOMIC The objective of this 2009 Middle East and North Africa (MENA) economic developments and prospects is to review the implication of the triple food-fuel-financial crisis for MENA economies. Chapter one reviews the year 2008 and the first few months of 2009. It discusses the impact of the global economic environment and MENA countries' responses to the initial impact of the food-fuel-financial crises. Chapter two reviews MENA countries' prospects for 2009 and 2010 and discusses policies that can be envisaged to mitigate the impact of the global financial crisis on the region. Finally, chapter three goes beyond the short-term concerns about the current crisis and discusses structural factors that affect MENA countries' vulnerability to shocks and their flexibility and ability to respond to future crises. The main conclusions of the report are: (a) the effect of the crisis depends on countries' exposure to affected markets and commodities as well as on their initial macroeconomic conditions and policies; and (b) in terms of impact on the real economy, the MENA region held up well in 2008, with average Gross Domestic Product (GDP) growth remaining steady while other regions experienced declining growth. 2014-02-03T19:38:06Z 2014-02-03T19:38:06Z 2009 http://documents.worldbank.org/curated/en/2009/01/11522490/middle-east-north-africa-region-2009-economic-developments-prospects-navigating-through-global-recession http://hdl.handle.net/10986/16806 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work 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 ECONOMIC
spellingShingle ECONOMIC
World Bank
Middle East and North Africa Economic Developments and Prospects, 2009 : Navigating through the Global Recession
geographic_facet Middle East and North Africa
description The objective of this 2009 Middle East and North Africa (MENA) economic developments and prospects is to review the implication of the triple food-fuel-financial crisis for MENA economies. Chapter one reviews the year 2008 and the first few months of 2009. It discusses the impact of the global economic environment and MENA countries' responses to the initial impact of the food-fuel-financial crises. Chapter two reviews MENA countries' prospects for 2009 and 2010 and discusses policies that can be envisaged to mitigate the impact of the global financial crisis on the region. Finally, chapter three goes beyond the short-term concerns about the current crisis and discusses structural factors that affect MENA countries' vulnerability to shocks and their flexibility and ability to respond to future crises. The main conclusions of the report are: (a) the effect of the crisis depends on countries' exposure to affected markets and commodities as well as on their initial macroeconomic conditions and policies; and (b) in terms of impact on the real economy, the MENA region held up well in 2008, with average Gross Domestic Product (GDP) growth remaining steady while other regions experienced declining growth.
format Economic & Sector Work :: Economic Updates and Modeling
author World Bank
author_facet World Bank
author_sort World Bank
title Middle East and North Africa Economic Developments and Prospects, 2009 : Navigating through the Global Recession
title_short Middle East and North Africa Economic Developments and Prospects, 2009 : Navigating through the Global Recession
title_full Middle East and North Africa Economic Developments and Prospects, 2009 : Navigating through the Global Recession
title_fullStr Middle East and North Africa Economic Developments and Prospects, 2009 : Navigating through the Global Recession
title_full_unstemmed Middle East and North Africa Economic Developments and Prospects, 2009 : Navigating through the Global Recession
title_sort middle east and north africa economic developments and prospects, 2009 : navigating through the global recession
publisher Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2009/01/11522490/middle-east-north-africa-region-2009-economic-developments-prospects-navigating-through-global-recession
http://hdl.handle.net/10986/16806
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