Author
International Monetary Fund. Middle East and Central Asia Dept.
Publication Date
2021
Publication Place
Washington, D.C. -
International Monetary Fund
Subject
Currency crises, Economic & financial crises & disasters, Financial crises, Foreign Exchange, International agencies, International Agreements and Observance, International Economics, International institutions, International organization, International Organizations, Macroeconomics
Type
Book
Language
Arabic
Digital
Yes
Manuscript
No
Pages Count
60
Library
Wesleyan University Library
Library Asset ID
ISBN : 9781513599144, ISBN : 1513599143, ISBN : 9781513593210, ISBN : 1513593218
Record ID
alma9933318102403768
Library Location
See online access
Date
2021
Notes
A fragile recovery continues in the Middle East and Central Asia region. The region has made good progress since the beginning of the year, but new challenges have emerged. They include a pandemic wave in countries with weak vaccination progress and rising inflation, which has contributed to declining monetary policy space, adding to the difficulties posed by limited fiscal policy space. Additionally, divergent recoveries and concerns about economic scarring persist. Inequities are also on the rise, and countries will need to tackle the pandemic’s impact on debt, labor markets, and the corporate sector. Countries will face difficult tradeoffs amid this challenging environment as they continue to manage the current crisis. Ramping up vaccine acquisition and distribution remains the most urgent short-term priority. Additional support should be well targeted, and central banks may need to raise interest rates if inflation expectations start to increase. Improving policy frameworks will be important to reduce policy tradeoffs. Preparing for a new chapter by investing in a transformational recovery will be vital to the region’s future. Important priorities include reorienting the role of the state toward health, education, and social safety nets; leveraging global trends like digitalization; and investing in climate-resilient technology.
Seri
Regional Economic Outlook
