Middle East and North Africa Quarterly Economic Brief, January 2014 : Growth Slowdown Heightens the Need for Reforms Devarajan, Shantayanan Mottaghi, Lili 2014-06-30T16:04:23Z 2014-06-30T16:04:23Z 2014-01
dc.description.abstract Ongoing regional tensions, together with a challenging (albeit slightly improving) external environment, have hit the economies of the Middle East and North Africa (MENA) region hard. Economic growth is slowing, fiscal buffers are depleting, unemployment is rising, and inflation is mounting in seven of the region’s most vulnerable economies-- Egypt, Tunisia, Iran, Lebanon, Jordan, Yemen and Libya. Short-term policy actions such as increasing public sector wages and subsidies—aimed at reducing social tensions--exacerbate the situation, which is driven by long-standing structural weaknesses, including labor market rigidities, complicated and opaque regulations, infrastructure deficiencies, regressive and inefficient subsidies, and inadequate social safety nets. While these countries face an unstable political and macroeconomic environment, the growth slowdown after the Arab Spring creates a unique opportunity to address these structural problems to both create fiscal space and restructure the economy towards job creation and inclusive growth. en
dc.identifier.isbn 978-1-4648-0394-9
dc.identifier.other 10.1596/978-1-4648-0394-9
dc.language.iso en_US
dc.publisher Washington, DC: World Bank
dc.relation.ispartofseries MENA Quarterly Economic Brief;
dc.rights CC BY 3.0 IGO
dc.subject Arab Spring
dc.subject Arab transition countries
dc.subject development economics
dc.subject economic policy
dc.subject global growth
dc.subject growth
dc.subject investment
dc.subject poverty
dc.subject volatility
dc.title Middle East and North Africa Quarterly Economic Brief, January 2014 : Growth Slowdown Heightens the Need for Reforms en
dspace.entity.type Publication 2014-06-27
okr.doctype Publications & Research :: Publication
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Poverty
okr.globalpractice Trade and Competitiveness
okr.language.supported en
okr.region.administrative Middle East and North Africa
okr.region.geographical North Africa
okr.region.geographical Middle East
okr.topic International Economics and Trade
okr.topic Macroeconomics and Economic Growth
okr.topic Poverty Reduction
okr.unit Chief Economist Office for Middle East and North Africa
relation.isAuthorOfPublication ddcdf87a-9a86-50e0-b365-0d2c747a0607
relation.isAuthorOfPublication 4e062ce1-f588-5067-9d86-7e1de94e72cc
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