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Iraq is facing daunting challenges of Islamic State of Iraq and Syria (ISIS) insurgency, political upheaval, and profound economic and humanitarian crises. Compounding the ISIS-related crisis, the sharp decline in global oil prices has resulted in significant decline in oil export revenues....
Persistent link: https://www.econbiz.de/10012644852
Economic and natural crises and shocks are unfortunately recurring events, but the better a country is prepared for such eventualities, the lesser the impact may be. In 2009, in the wake of the global economic crisis, the Government of Indonesia piloted a Crisis Monitoring and Response System...
Persistent link: https://www.econbiz.de/10012557899
aspects of development. The early recovery in the world economy foreseen in last year's World Development Report did not … the future prospects for recovery. It concludes that the present financial crisis is manageable, provided concerted … their recovery, to promote freer trade, and to ensure growth in capital flows. Equally important, developing countries must …
Persistent link: https://www.econbiz.de/10010526320
The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context and assesses the implications of these developments and other...
Persistent link: https://www.econbiz.de/10012647673
The aim of this note is to present and analyze subnational fiscal trends in Russia in the context of overall slowing economic growth and falling oil prices over the last few years. In particular, in 2015, GDP fell by 3.7 percent. Despite efforts to cut expenditures, the federal deficit increased...
Persistent link: https://www.econbiz.de/10012247360
Jordan's economy achieved a relatively strong rebound, registering 2.2 percent growth in 2021. The nascent recovery was … exceeded expectations. This robust economic recovery was supported by accommodative but prudent monetary and fiscal policy … along with a recovery in domestic demand and the gradual reopening of the economy. However, the recovery of some subsectors …
Persistent link: https://www.econbiz.de/10013545366
focuses on the period of recession that followed the Russian crisis and the subsequent recovery. It draws mainly on the …
Persistent link: https://www.econbiz.de/10012559399
Developing East Asia is battling the forces of global recession. The impact of the crisis in the advanced countries was transmitted to the economies of the region with unusual speed. In the region, the initial global financial turbulence was marked by sudden reversals of capital flows in the...
Persistent link: https://www.econbiz.de/10012559908
Herzegovina, Kosovo, FYR Macedonia, Montenegro, and Serbia-are now making a fragile recovery. Last year the recession in the … drought crippled agriculture and affected trade, energy, and economic activity overall. However, the recovery in SEE6 is still … tentative. In some countries nonperforming loans, sluggish credit recovery, continued deleveraging, and fiscal consolidation are …
Persistent link: https://www.econbiz.de/10012560531