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Middle East and North Africa Economic Monitor, October 2017

Author

Listed:
  • Shantayanan Devarajan
  • Lili Mottaghi

Abstract

The pickup in economic activity in the Middle East and North Africa (MENA) region is expected to continue in 2018 and 2019. MENA's oil exporters and oil importers both are benefitting from improved global growth; increased trade with trading partners in Europe and Asia; more stabilized commodity markets, especially oil; and some reforms undertaken in the region. The World Bank estimates that growth will accelerate to above 3 percent in 2019. Growth, however, remains below potential as crises and conflicts continue to damage output and reduce employment. While MENA has experienced more frequent conflicts than any other part of the world, by its magnitude, the refugee crisis represents something new. The protracted stay of refugees in hosting communities, now in its sixth year, not only has increased the risk to MENA's economic outlook but also has brought refugees' long-term development challenges to the forefront. Meeting these enormous challenges requires collective efforts.

Suggested Citation

  • Shantayanan Devarajan & Lili Mottaghi, 2017. "Middle East and North Africa Economic Monitor, October 2017," World Bank Publications - Reports 28395, The World Bank Group.
    • Handle: RePEc:wbk:wboper:28395
    Note: ISBN 978-1-4648-1214-9
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    References listed on IDEAS

    as
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    7. repec:wbk:wboper:23705 is not listed on IDEAS
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    Cited by:

    1. Mahmoud Arayssi & Ali Fakih & Nathir Haimoun, 2019. "Did the Arab Spring reduce MENA countries’ growth?," Applied Economics Letters, Taylor & Francis Journals, vol. 26(19), pages 1579-1585, November.
    2. Devadas,Sharmila & Elbadawi,Ibrahim Ahmed & Loayza,Norman V., 2019. "Growth after War in Syria," Policy Research Working Paper Series 8967, The World Bank.
    3. Qusai Mohammad Qasim Alabed & Fathin Faizah Said & Zulkefly Abdul Karim & Mohd Azlan Shah Zaidi & Mohammed Daher Alshammary, 2021. "Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation," Sustainability, MDPI, vol. 13(22), pages 1-18, November.

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