Middle East and North Africa Economic Monitor, October 2018 : A New Economy for Middle East and North Africa

Growth in the Middle East and North Africa (MENA) region is projected to rebound to an average of 2% in 2018, up from an average 1.4% in 2017. The modest rebound in growth is driven mostly by the recent rise in oil prices, which has benefitted the region’s oil exporters while putting pressure on the...

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Main Authors:	Arezki, Rabah, Mottaghi, Lili, Barone, Andrea, Fan, Rachel Yuting, Harb, Amani Abou, Karasapan, Omer M., Matsunaga, Hideki, Nguyen, Ha, de Soyres, Francois
Format:	Serial
Language:	English
Published:	Washington, DC: World Bank 2018
Subjects:	IDPS CIVIL WAR CONFLICT ECONOMIC POLICY GREEN SHOOTS GROWTH INTERNATIONAL COMMUNITY OIL PRICES PEACE PIL EXPORTERS POVERTY REFUGEES VOLATILITY
Online Access:	http://hdl.handle.net/10986/30436

id	okr-10986-30436
recordtype	oai_dc
spelling	okr-10986-304362021-04-23T14:04:57Z Middle East and North Africa Economic Monitor, October 2018 : A New Economy for Middle East and North Africa Arezki, Rabah Mottaghi, Lili Barone, Andrea Fan, Rachel Yuting Harb, Amani Abou Karasapan, Omer M. Matsunaga, Hideki Nguyen, Ha de Soyres, Francois IDPS CIVIL WAR CONFLICT ECONOMIC POLICY GREEN SHOOTS GROWTH INTERNATIONAL COMMUNITY OIL PRICES PEACE PIL EXPORTERS POVERTY REFUGEES VOLATILITY Growth in the Middle East and North Africa (MENA) region is projected to rebound to an average of 2% in 2018, up from an average 1.4% in 2017. The modest rebound in growth is driven mostly by the recent rise in oil prices, which has benefitted the region’s oil exporters while putting pressure on the budgets of oil importers. The rebound also reflects the impact of modest reforms and stabilization efforts undertaken in some countries in the region. The report forecasts that regional growth will continue to improve modestly, to an average of 2.8% by the end of 2020 while there is the ongoing risk that instability in the region could worsen and dampen growth. Despite recovery, the slow pace of growth will not generate enough jobs for the region’s large youth population. New drivers of growth are needed to reach the level of job creation required. The report offers a roadmap for unlocking the enormous potential of the region’s large and well-educated youth population by embracing the new digital economy. Broader and bolder reforms will be needed to achieve this goal, along with critical investments in digital infrastructure. It will require the reorientation of education systems toward science and technology, the creation of modern telecommunications and payments systems, and a private-sector driven economy governed by regulations that encourage rather than stifle innovation. 2018-09-24T22:04:52Z 2018-09-24T22:04:52Z 2018-10 Serial 978-1-4648-1367-2 http://hdl.handle.net/10986/30436 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
spellingShingle	IDPS CIVIL WAR CONFLICT ECONOMIC POLICY GREEN SHOOTS GROWTH INTERNATIONAL COMMUNITY OIL PRICES PEACE PIL EXPORTERS POVERTY REFUGEES VOLATILITY Arezki, Rabah Mottaghi, Lili Barone, Andrea Fan, Rachel Yuting Harb, Amani Abou Karasapan, Omer M. Matsunaga, Hideki Nguyen, Ha de Soyres, Francois Middle East and North Africa Economic Monitor, October 2018 : A New Economy for Middle East and North Africa
geographic_facet	Middle East and North Africa Middle East North Africa Libya Syrian Arab Republic Yemen, Republic of
description	Growth in the Middle East and North Africa (MENA) region is projected to rebound to an average of 2% in 2018, up from an average 1.4% in 2017. The modest rebound in growth is driven mostly by the recent rise in oil prices, which has benefitted the region’s oil exporters while putting pressure on the budgets of oil importers. The rebound also reflects the impact of modest reforms and stabilization efforts undertaken in some countries in the region. The report forecasts that regional growth will continue to improve modestly, to an average of 2.8% by the end of 2020 while there is the ongoing risk that instability in the region could worsen and dampen growth. Despite recovery, the slow pace of growth will not generate enough jobs for the region’s large youth population. New drivers of growth are needed to reach the level of job creation required. The report offers a roadmap for unlocking the enormous potential of the region’s large and well-educated youth population by embracing the new digital economy. Broader and bolder reforms will be needed to achieve this goal, along with critical investments in digital infrastructure. It will require the reorientation of education systems toward science and technology, the creation of modern telecommunications and payments systems, and a private-sector driven economy governed by regulations that encourage rather than stifle innovation.
format	Serial
author	Arezki, Rabah Mottaghi, Lili Barone, Andrea Fan, Rachel Yuting Harb, Amani Abou Karasapan, Omer M. Matsunaga, Hideki Nguyen, Ha de Soyres, Francois
author_facet	Arezki, Rabah Mottaghi, Lili Barone, Andrea Fan, Rachel Yuting Harb, Amani Abou Karasapan, Omer M. Matsunaga, Hideki Nguyen, Ha de Soyres, Francois
author_sort	Arezki, Rabah
title	Middle East and North Africa Economic Monitor, October 2018 : A New Economy for Middle East and North Africa
title_short	Middle East and North Africa Economic Monitor, October 2018 : A New Economy for Middle East and North Africa
title_full	Middle East and North Africa Economic Monitor, October 2018 : A New Economy for Middle East and North Africa
title_fullStr	Middle East and North Africa Economic Monitor, October 2018 : A New Economy for Middle East and North Africa
title_full_unstemmed	Middle East and North Africa Economic Monitor, October 2018 : A New Economy for Middle East and North Africa
title_sort	middle east and north africa economic monitor, october 2018 : a new economy for middle east and north africa
publisher	Washington, DC: World Bank
publishDate	2018
url	http://hdl.handle.net/10986/30436
_version_	1764471995613839360

Middle East and North Africa Economic Monitor, October 2018 : A New Economy for Middle East and North Africa

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