Publication: 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.
“Ianchovichina, Elena. 2010. MENA : Recovering from the Crisis. MENA Knowledge and Learning Quick Notes Series; No. 24. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/a0cc8233-b639-575a-b026-dec825657cf8 License: CC BY 3.0 IGO.”