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Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN: 1464807027
Category : Iran
Languages : en
Pages : 46
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Book Description
Iran and the Permanent Members of the UN Security Council and Germany (P5+1) reached a deal on July 14, 2015 that limits Iranian nuclear activity in return for lifting all international sanctions that were placed on Iran (Box 1). This issue of the MENA Quarterly Economic Brief (QEB) traces the economic effects of this development--removing sanctions on Iran--on the world oil market, on Iran's trading partners, and on the Iranian economy.
Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN: 1464807027
Category : Iran
Languages : en
Pages : 46
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Book Description
Iran and the Permanent Members of the UN Security Council and Germany (P5+1) reached a deal on July 14, 2015 that limits Iranian nuclear activity in return for lifting all international sanctions that were placed on Iran (Box 1). This issue of the MENA Quarterly Economic Brief (QEB) traces the economic effects of this development--removing sanctions on Iran--on the world oil market, on Iran's trading partners, and on the Iranian economy.
Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN: 1464808228
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
This issue of the World Bank MENA Quarterly Economic Brief expects growth in the Middle East and North Africa to fall to 2.6 percent in 2015, from 2.8 percent predicted in October. The short term outlook remains “cautiously pessimistic†?. The poor performance of several MENA economies and their dim prospects for the future are mainly driven by the civil wars that have created death, destruction and significant growth shortfalls in both conflict countries and their neighbors. This report examines the different ways in which civil wars affect the economies of the region, including the important channel of forced displacement, which has become a crisis. Moreover, we explore how economic fortunes will turn around if there is peace. The report concludes that under peace settlement, a permanent transition from non democracy to democracy could improve economic growth significantly in the long run.
Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN: 1464804079
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
This issue of the Quarterly Economic Brief looks at the actual growth performance of these countries and highlights the limitations of forecasting in the wake of the 2011 uprisings, at the consequences of the growth slowdown, including unemployment, where perceptions may diverge from reality. The story is told in fourteen charts.
Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN: 1464805385
Category : Business & Economics
Languages : en
Pages : 48
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Book Description
In the three months since most observers, including the World Bank, issued their last forecasts, the Middle East and North Africa (MENA) Region has changed substantially. Political tensions have eased somewhat with presidential and legislative elections completed in a few countries. Egypt’s cabinet approved the electoral constituencies’ law, the last step before calling for the House of Representatives elections, the final milestone in the political roadmap initiated in July 2013. Presidential elections were held in Tunisia, with Beji Caid Essebsi sworn in as the new president in December. Iran’s nuclear talks with the P5+1 were extended for 6 months--while bilateral talks continue—with the aim of reaching a deal in July 2015. In Iraq, the government and the Kurdish region reached an agreement in December resolving a longstanding dispute over the budget and distribution of oil revenues. Meanwhile, Lebanon, Yemen and Libya still struggle to maintain a functional government. The global economy is estimated to have expanded by 2.6 percent (q/q annualized rate), better than the second quarter of 2014, but unchanged from the slow pace seen in 2012 and 2013. But the most important development is that international oil prices have literally collapsed, reaching a level below $50 per barrel (Brent crude) in early January, a drop of 50 percent since their peak in mid-June 2014.
Author: Shantayanan Devarajan
Publisher:
ISBN:
Category :
Languages : en
Pages : 30
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Book Description
The July 2015 nuclear deal between Iran and Permanent Members of the UN Security Council and Germany (P5+1), with the attendant lifting of sanctions on Iran, will have significant consequences for the global, regional and national economies. First, Iran's return to the oil market, coupled with increased production from Libya (should the conflict subside) will keep world oil prices low. Secondly, once sanctions and restrictions on financial transactions are relaxed, Iran's trade, which had both declined in absolute terms and shifted away from Europe towards Asia and the Middle East, is likely to pick up. Thirdly, the Iranian economy, which has been in recession for the past two years, will receive a major boost from increased oil revenues--conservatively estimated at about USD 15 billion in the first year--and lower trade costs. This issue of the MENA Quarterly Economic Brief (QEB) traces these effects on the world oil market, on Iran's trading partners, and on the Iranian economy.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
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Book Description
In the three months since most observers, including the World Bank, issued their last forecasts, the Middle East and North Africa (MENA) Region has changed substantially. Political tensions have eased somewhat with presidential and legislative elections completed in a few countries. Egypt's cabinet approved the electoral constituencies' law, the last step before calling for the House of Representatives elections, the final milestone in the political roadmap initiated in July 2013. Presidential elections were held in Tunisia, with Beji Caid Essebsi sworn in as the new president in December. Iran's nuclear talks with the P5+1 were extended for 6 months--while bilateral talks continueâ€" with the aim of reaching a deal in July 2015. In Iraq, the government and the Kurdish region reached an agreement in December resolving a longstanding dispute over the budget and distribution of oil revenues. Meanwhile, Lebanon, Yemen and Libya still struggle to maintain a functional government. The global economy is estimated to have expanded by 2.6 percent (q/q annualized rate), better than the second quarter of 2014, but unchanged from the slow pace seen in 2012 and 2013. But the most important development is that international oil prices have literally collapsed, reaching a level below
Author: Shanta Devarajan
Publisher:
ISBN:
Category : Electronic book
Languages : en
Pages :
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
This issue of the Quarterly Economic Brief looks at the actual growth performance of these countries and highlights the limitations of forecasting in the wake of the 2011 uprisings, at the consequences of the growth slowdown, including unemployment, where perceptions may diverge from reality. The story is told in fourteen charts.
Author: Lili Mottaghi
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The latest MENA Quarterly Economic Brief estimates growth in the Middle East and North Africa (MENA) Region to fall short of expectation at 2.6 percent in 2015, about 0.2 percentage points below the October 2015 forecast. The World Bank expects the economic outlook to remain “cautiously pessimistic” in the short term. The recent poor performance of several MENA economies, and their dim prospects for the future, are partly driven by the civil wars that have created death, destruction and significant growth shortfalls in both conflict countries; Syria, Iraq, Yemen and Libya and their neighbors. This Quick Note summarizes the findings of the report including the important channel of forced displacement, which has become a crisis.Overall, millions of Syrians, Iraqis, Yemenis and Libyans have been forced to flee their homes or displaced with in the country. They are in need of urgent humanitarian and financial assistance. According to the United Nations (U.N.) for Syria only, it will take US 7.7 billion dollars to meet the urgent needs of the most vulnerable people in 2016.
Author: WorldBank
Publisher: World Bank Publications
ISBN: 1464806764
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
The January 2016 edition of Global Economic Prospects discusses current global and regional economic developments and prospects, analyzing key challenges and opportunities confronting developing countries. This volume addresses, among other topics, spillovers from large emerging markets and macroeconomic vulnerabilities during resource development. Global Economic Prospects is a World Bank Group Flagship Report. Semiannually (January and June), it examines global economic developments and prospects, with a special focus on developing countries. The report includes analysis of topical policy challenges faced by developing countries through in-depth research in the January edition and shorter analytical pieces in the June edition.
