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Saudi Arabia's economy is booming, unemployment is at a record low, the output gap is closed, inflation is contained, and fiscal and external buffers have been rebuilt. The continuation of Vision 2030 reforms has helped advance the country's economic diversification agenda, including through...
Persistent link: https://www.econbiz.de/10015059106
Saudi Arabia is the world’s largest oil exporter and has employed its spare capacity to help stabilize the global oil market, providing important support to the global economy. The associated increase in oil revenues has resulted in sharply higher fiscal and current account surpluses and...
Persistent link: https://www.econbiz.de/10014395639
This chapter reviews developments in GDP over the past several decades. The analysis shows that accumulation of labor and capital explains the bulk of overall output growth since 1990, with changes in total factor productivity playing only a minor role. Moreover, while increases in total factor...
Persistent link: https://www.econbiz.de/10014395640
KEY ISSUES Context. Saudi Arabia's economy has grown very strongly in recent years, benefitting from high oil prices and output, strong private sector activity, and government spending. It has played a systemic and stabilizing role in the global oil market. The economy has not been affected by...
Persistent link: https://www.econbiz.de/10014411641
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This 2015 Article IV Consultation highlights that economic activity in Iran has slowed down significantly since the …
Persistent link: https://www.econbiz.de/10014407955
This Selected Issues paper discusses some options to strengthen Iran's fiscal framework, and highlights the need for a … medium-term framework. Fiscal policy design in Iran faces numerous challenges. Some are current, such as managing volatile … these issues would help Iran achieve its objective of becoming one of the fastest-growing emerging economies …
Persistent link: https://www.econbiz.de/10014407956
KEY ISSUES Context. Iran had achieved considerable progress in raising per capita income and living standards in … monetary policy credibility, reduce uncertainty, and better coordinate fiscal management). Subsidy Reform. Iran’s design of the …
Persistent link: https://www.econbiz.de/10014411158
This Selected Issues paper on Iran focuses on the Targeted Subsidy Reform Law (TSRL). This is the basic law governing … the implementation of the subsidy reform in Iran. The TSRL envisaged bringing subsidized prices close to international …
Persistent link: https://www.econbiz.de/10014411159