Middle East and North Africa Economic Monitor, April 2015 : Towards a New Social Contract

The economic outlook for the Middle East and North Africa (MENA) region in 2015 is slightly more favorable than in 2013-14, when the region as a whole grew at 3 percent a year. The World Bank group’s latest MENA Economic Monitor projects MENA’s economic growth to average 5.2 percent in 2015 driven...

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Main Authors:	Devarajan, Shantayanan, Mottaghi, Lili
Format:	Publications & Research
Language:	en_US
Published:	Washington, DC: World Bank 2015
Subjects:	Arab spring conflict development economics economic growth economic policy energy subsidies investment pollution poverty transition countries water
Online Access:	http://hdl.handle.net/10986/21718

id	okr-10986-21718
recordtype	oai_dc
spelling	okr-10986-217182021-04-23T14:04:04Z Middle East and North Africa Economic Monitor, April 2015 : Towards a New Social Contract Devarajan, Shantayanan Mottaghi, Lili Arab spring conflict development economics economic growth economic policy energy subsidies investment pollution poverty transition countries water The economic outlook for the Middle East and North Africa (MENA) region in 2015 is slightly more favorable than in 2013-14, when the region as a whole grew at 3 percent a year. The World Bank group’s latest MENA Economic Monitor projects MENA’s economic growth to average 5.2 percent in 2015 driven by domestic consumption, easing political tensions crowding-in investments in Egypt and Tunisia, and full resumption of oil production in Libya. However the violent conflicts in Syria, Iraq, Gaza, Yemen and Libya with their spillovers to Lebanon and Jordan could make MENA’s economic prospects bleak. The report has a special focus on the corrosive nature of the large energy subsidies in MENA. The MENA region is currently experiencing growth below potential, high unemployment, urban air pollution and congestion, and severe water scarcity that is undermining agriculture. The report shows how energy subsidies have contributed to these development challenges. Reforming these subsidies, therefore, should be one of the highest priorities of policymakers. 2015-04-09T20:09:20Z 2015-04-09T20:09:20Z 2015-04 978-1-4648-0608-7 http://hdl.handle.net/10986/21718 en_US 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
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	Arab spring conflict development economics economic growth economic policy energy subsidies investment pollution poverty transition countries water
spellingShingle	Arab spring conflict development economics economic growth economic policy energy subsidies investment pollution poverty transition countries water Devarajan, Shantayanan Mottaghi, Lili Middle East and North Africa Economic Monitor, April 2015 : Towards a New Social Contract
geographic_facet	Middle East and North Africa Middle East North Africa
description	The economic outlook for the Middle East and North Africa (MENA) region in 2015 is slightly more favorable than in 2013-14, when the region as a whole grew at 3 percent a year. The World Bank group’s latest MENA Economic Monitor projects MENA’s economic growth to average 5.2 percent in 2015 driven by domestic consumption, easing political tensions crowding-in investments in Egypt and Tunisia, and full resumption of oil production in Libya. However the violent conflicts in Syria, Iraq, Gaza, Yemen and Libya with their spillovers to Lebanon and Jordan could make MENA’s economic prospects bleak. The report has a special focus on the corrosive nature of the large energy subsidies in MENA. The MENA region is currently experiencing growth below potential, high unemployment, urban air pollution and congestion, and severe water scarcity that is undermining agriculture. The report shows how energy subsidies have contributed to these development challenges. Reforming these subsidies, therefore, should be one of the highest priorities of policymakers.
format	Publications & Research
author	Devarajan, Shantayanan Mottaghi, Lili
author_facet	Devarajan, Shantayanan Mottaghi, Lili
author_sort	Devarajan, Shantayanan
title	Middle East and North Africa Economic Monitor, April 2015 : Towards a New Social Contract
title_short	Middle East and North Africa Economic Monitor, April 2015 : Towards a New Social Contract
title_full	Middle East and North Africa Economic Monitor, April 2015 : Towards a New Social Contract
title_fullStr	Middle East and North Africa Economic Monitor, April 2015 : Towards a New Social Contract
title_full_unstemmed	Middle East and North Africa Economic Monitor, April 2015 : Towards a New Social Contract
title_sort	middle east and north africa economic monitor, april 2015 : towards a new social contract
publisher	Washington, DC: World Bank
publishDate	2015
url	http://hdl.handle.net/10986/21718
_version_	1764449152118292480

Middle East and North Africa Economic Monitor, April 2015 : Towards a New Social Contract

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