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energy prices, the expiration of oil production cuts after 2018, and an easing of fiscal austerity. Aggregate growth in the … that lead to volatility in global financial markets or commodity prices. Although fiscal and external balances are … years of sustained fiscal adjustments to lower oil prices, the GCC countries, led by the Kingdom of Saudi Arabia, are …
Persistent link: https://www.econbiz.de/10012645110
The economic outlook for the Gulf Cooperation Council (GCC) economies appears far rosier now than it did even six months ago. Increased investment and consumption both public and private are contributing to growth while inflation remains subdued in most economies except for Saudi Arabia where it...
Persistent link: https://www.econbiz.de/10012817496
The fall 2021 issue of the Iraq Economic Monitor provides an in-depth review of the latest macroeconomic and policy developments amidst a global recovery in international oil markets and as COVID-19 restrictions begin to ease. As a result, the monitor finds that the economic prospects for Iraq...
Persistent link: https://www.econbiz.de/10012817513
prices, and the drawdown of United Nations peacekeeping forces. Monetary and exchange rate policy remained tight in 2020 …
Persistent link: https://www.econbiz.de/10012817514
The COVID-19 pandemic has taken a relatively modest toll on human lives in the Republic of Congo according to official data but has exacerbated an already fragile Congolese economy. As of September 28, 2021, the Republic of Congo has had 14,244 confirmed cases and 193 deaths, corresponding to a...
Persistent link: https://www.econbiz.de/10012817518
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
would require a tighter monetary stance, potentially affecting domestic borrowing conditions. Volatile prices and …
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
Jordan's economy is showing a healthy recovery following a moderate contraction of 1.6 percent in 2020. Notwithstanding the restrictive pandemic measures, the economy managed to grow by 1.8 percent in the first half of 2021. Meanwhile, accommodative monetary policy by the Central Bank of Jordan...
Persistent link: https://www.econbiz.de/10012817607
Given the finite nature of petroleum resources and associated sovereign wealth fund, it iscritical for Timor-Leste to build a strong foundation for sustainable revenue mobilization tofinance public spending on development and poverty reduction. Timor-Leste faces the risks ofa fiscal cliff as,...
Persistent link: https://www.econbiz.de/10012817618