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This second edition of the twice-yearly Gulf Economic Monitor describes recent economic developments, near-term prospects, and broader reform priorities in the Gulf Cooperation Council (GCC) countries (The Pulse of the Region). Regional aggregate GDP growth in 2017 weakened to just 0.5 percent,...
Persistent link: https://www.econbiz.de/10012645110
After multiple headwinds dampened growth in 2017, a nascent rebound in economic activity in Kenya is gaining momentum. Notwithstanding the projected rebound in economic activity risks are tilted to the downside. The Government of Kenya has outlined four big priority areas for the next five...
Persistent link: https://www.econbiz.de/10012645198
Lao PDR's GDP growth slightly decelerated to 6.9 percent in 2017, but remained robust. The economy is expected to …
Persistent link: https://www.econbiz.de/10012645311
welcoming effect for Kazakhstan in terms of enhancing the economy's buffers and supporting growth, it may also reduce the … developing a Dutch-Disease type of episode that could reduce economy's competitiveness and lower opportunities for … tradable nonoil sector's role in the economy, the government must demonstrate significant improvements to the rule of law, the …
Persistent link: https://www.econbiz.de/10012645341
A strong policy response - on the back of fiscal buffers, a strong financial system, and favorable external conditions - enabled Turkey to recover from its shock of 2016, with growth accelerating to 7.4 percent in 2017. The outcome of supply constraints and demand impulse are reflected in high...
Persistent link: https://www.econbiz.de/10012645346
The historic outcome of Malaysia's recent elections provides an unprecedented opportunity for change. The country's 14th General Elections which took place on May 9, 2018, in the context of widespread citizen concern regarding the degree to which the proceeds of economic growth have been shared...
Persistent link: https://www.econbiz.de/10012645368
The Philippines' economic growth outlook remains positive, yet downside risks have increased. An expected slowdown in global trade in the medium term is likely to further dampen Philippine exports. Nevertheless, baseline economic growth is projected at 6.5 percent in 2018, 6.7 percent in 2019,...
Persistent link: https://www.econbiz.de/10012645643
Iraq's overall security situation has notably improved after the defeat of ISIS, but significant challenges lie ahead. Iraq has witnessed major political and security transitions in 2017 when Prime Minister Al-Abadi announced in December the victory over ISIS after a war that lasted three years....
Persistent link: https://www.econbiz.de/10012645651
The near-tripling of oil prices from their trough in January 2016, to nearly 80 US dollars per barrel in early October 2018, has spurred a recovery in the GCC economies, following three years of persistent weakness. Additional support has come from rising oil production, and a slower pace of...
Persistent link: https://www.econbiz.de/10012645756
dissipated. After undergoing an oil-based bounce in the economy in 2016/17, the economy registered a 3.8 percent growth in 2017 …
Persistent link: https://www.econbiz.de/10012645771