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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
arrears, large exposure of state-owned banks and the central bank to the sovereign, and public investment management …
Persistent link: https://www.econbiz.de/10012817513
Following the surge in COVID-19 infections in Q3 2021, Malaysia is gradually emerging from the worst wave of the pandemic. As a result, the Malaysian economy is expected to be on a recovery path next year. In the near-term, it is key to ensure that targeted support measures remain in place. The...
Persistent link: https://www.econbiz.de/10012817590
Iran's economy is gradually recovering following a lost decade (2011-2020) of negligible economic growth. Less stringent COVID-19 restrictions, adaptation to the new normal - reflected in a recovery in consumption, and more favorable oil sector conditions have driven a four-quarter rebound after...
Persistent link: https://www.econbiz.de/10012817597
After suffering a pandemic-driven slump in 2020, Kazakhstan's economic recovery is on track, having sustained quarterly growth throughout Q3 2021. Reduced COVID-19 cases and the loosening of mobility restrictions support business activities and maintain the rebound in consumer demand. However,...
Persistent link: https://www.econbiz.de/10012817599
After several months of low COVID-19 case numbers, Malawi is facing a fourth wave. While an increasing share of the global population is protected by vaccines, only about 6.5 percent of the population is vaccinated in Malawi, increasing the country's vulnerability to the virus. The Government...
Persistent link: https://www.econbiz.de/10012817602
, accommodative monetary policy by the Central Bank of Jordan (CBJ) as well as fiscal policy, continued to play an active role in … trade, improved domestic demand and continued slack in travel receipts. Despite these pressures, the Central Bank of Jordan … considered major drivers for this year's growth. The World Bank projects Jordan to grow by 2.2 percent in 2021. Nevertheless …
Persistent link: https://www.econbiz.de/10012817607
Recognizing the severity of the crisis, the GoI devised a national reform plan (the white paper) that sets out a old blueprint of structural reforms to achieve sustainable medium-term growth through economic diversification and boosting private sector growth and private sector job creation. The...
Persistent link: https://www.econbiz.de/10012544681
COVID-19 has severely affected Ethiopia, weakening its economic performance. Ethiopia has experienced a collapse in external demand since April 2020 due to COVID-19. While merchandise exports, excluding gold, increased by 5.8 percent overall in FY20, they declined by 4.1 percent during...
Persistent link: https://www.econbiz.de/10012544699
This Algeria Economic Monitor provides an update on key recent economic developments and policies. It places them in a longer-term and global context and assesses the implications these developments and changes in policies have on the outlook for Algeria. This Monitor's coverageranges from the...
Persistent link: https://www.econbiz.de/10012603520