Regional Economic Outlook: Middle East and Central Asia, May 2009

Business & Finance, Economics, International Economics, Macroeconomics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Regional Economic Outlook: Middle East and Central Asia, May 2009 by International Monetary Fund. Middle East and Central Asia Dept., INTERNATIONAL MONETARY FUND
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Author: International Monetary Fund. Middle East and Central Asia Dept. ISBN: 9781452737218
Publisher: INTERNATIONAL MONETARY FUND Publication: May 10, 2009
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: International Monetary Fund. Middle East and Central Asia Dept.
ISBN: 9781452737218
Publisher: INTERNATIONAL MONETARY FUND
Publication: May 10, 2009
Imprint: INTERNATIONAL MONETARY FUND
Language: English
The global crisis is now affecting the countries in the Middle East and Central Asia region, and economic and financial vulnerabilities are rising. In the Middle East and North Africa, good economic fundamentals, appropriate policy responses, and sizable currency reserves are helping mitigate the impact of the shock. In the Caucasus and Central Asia, lower commodity prices and adverse economic developments in Russia have hit hard. The report notes that countries should prepare for the contingency of a prolonged global slowdown by supporting domestic demand for a longer period and strengthening financial systems further. In some countries with rising unemployment, it will be important to target government resources and policies on protecting the poor; in others, increased donor support will be necessary to maintain needed economic development.
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The global crisis is now affecting the countries in the Middle East and Central Asia region, and economic and financial vulnerabilities are rising. In the Middle East and North Africa, good economic fundamentals, appropriate policy responses, and sizable currency reserves are helping mitigate the impact of the shock. In the Caucasus and Central Asia, lower commodity prices and adverse economic developments in Russia have hit hard. The report notes that countries should prepare for the contingency of a prolonged global slowdown by supporting domestic demand for a longer period and strengthening financial systems further. In some countries with rising unemployment, it will be important to target government resources and policies on protecting the poor; in others, increased donor support will be necessary to maintain needed economic development.

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