MENA : Recovering from the Crisis

The Middle East and North Africa region is recovering from the financial crisis along with the global economy. Growth in 2010 is expected to be 4.4 percent region-wide, driven by domestic absorption as well as a positive contribution from external demand. The recovery from the crisis differs by country depending on initial conditions and the intensity of the impact via the three principal channels through which the global financial crisis affected Middle East and North Africa (MENA) economies - the financial sector, the price of oil, and the balance of payments, reflecting the impact on trade, remittances and Foreign Direct Investment (FDI) flows.

Bibliographic Details

Main Author:	Ianchovichina, Elena
Language:	English
Published:	World Bank, Washington, DC 2010-05
Subjects:	ACCESS TO FINANCE, ADVERSE EFFECT, BALANCE OF PAYMENTS, BANKING SECTORS, BANKING SYSTEM, BARRIERS TO ENTRY, BUSINESS ENVIRONMENT, CAPITAL IMPORTERS, CORPORATE GOVERNANCE, CREDIT GROWTH, DEBT, DEBT RESTRUCTURING, DISCRIMINATION, DOMESTIC BANKS, DOMESTIC FINANCIAL MARKETS, ECONOMIC DEVELOPMENT, ECONOMIC DOWNTURN, ECONOMIC INTEGRATION, EXPANSIONARY FISCAL POLICY, EXPORTERS, EXTERNAL FINANCING, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FINANCIAL INTEGRATION, FINANCIAL MARKETS, FINANCIAL SECTOR, FINANCIAL SECTOR REFORM, FINANCIAL SHOCK, FINANCIAL STABILITY, FINANCIAL SUPPORT, FINANCIAL SYSTEM, FISCAL DEFICITS, FISCAL POLICY, GAS RESOURCES, GLOBAL ECONOMY, GLOBAL FINANCIAL MARKETS, GLOBAL TRADE, HOUSEHOLDS, INCOME, INCOME GROWTH, INVESTMENT RATES, JOB CREATION, LABOR FORCE PARTICIPATION, LABOR MARKET, LEVEL PLAYING FIELD, LIQUIDITY, LOAN, MARKET DISCIPLINE, MARKET PLAYERS, OIL, OIL AND GAS, OIL DEMAND, OIL EXPORTERS, OIL IMPORTERS, OIL IMPORTING COUNTRIES, OIL PRICE, OIL PRICES, PRICE VOLATILITY, PRIVATE INVESTMENT, PRIVATE SECTOR, PRIVILEGED ACCESS, PUBLIC FINANCES, REAL ESTATE, REGULATORY SYSTEMS, REMITTANCE, REMITTANCES, RESERVES, RISK MANAGEMENT, RISK MANAGEMENT SYSTEMS, TECHNICAL SUPPORT, TRADABLE GOODS, TRADE FINANCE, TRADE INTEGRATION, TRADE LIBERALIZATION, UNEMPLOYMENT, UNEMPLOYMENT RATES,
Online Access:	http://documents.worldbank.org/curated/en/2010/05/12540869/middle-east-north-africa-mena-recovering-crisis https://hdl.handle.net/10986/10929
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