MENA Quarterly Economic Brief, January 2015 : Plunging Oil Prices

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collection.link.130
https://openknowledge.worldbank.org/handle/10986/5995
collection.link.131
https://openknowledge.worldbank.org/handle/10986/5996
collection.link.212
https://openknowledge.worldbank.org/handle/10986/11865
collection.name.130
French PDFs Available
collection.name.131
Arabic PDFs Available
collection.name.212
MENA Economic Monitor
dc.contributor.author
Devarajan, Shanta
dc.contributor.author
Mottaghi, Lili
dc.date.accessioned
2015-01-26T15:07:22Z
dc.date.available
2015-01-26T15:07:22Z
dc.date.issued
2015-01
dc.description.abstract
This issue of the MENA Quarterly Economic Brief focuses on the implications of low oil prices for eight developing countries, or the MENA-8 (oil importers: Egypt, Tunisia, Lebanon and Jordan and oil exporters: Iran, Iraq, Yemen and Libya) and the economies of the GCC (Gulf Cooperation Council), who play a major role in providing funds in the form of aid, investment, tourism revenues and remittances to the rest of the countries of the region. We make the following assumptions about the future price of oil: (i) The price will average $65 Brent p/b in 2015; (ii) a higher price $78 Brent p/b will be used for comparison analysis. As with other economic variables, there is uncertainty associated with the future price of oil, which adds to the error involved in projections. The data for 2015 2017 in the figures and tables are projections. These projections are based on statistical information available through early January 2015.
en
dc.identifier.isbn
978-1-4648-0538-7
dc.identifier.uri
http://hdl.handle.net/10986/21349
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC: World Bank
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCOUNTING
dc.subject
ASSETS
dc.subject
AVAILABILITY
dc.subject
AVERAGE OIL PRICE
dc.subject
BALANCE
dc.subject
BALANCE OF PAYMENTS
dc.subject
BALANCE OF PAYMENTS CRISIS
dc.subject
BARREL
dc.subject
BARRELS OF OIL
dc.subject
BARRELS PER DAY
dc.subject
BILL
dc.subject
BILLS
dc.subject
BLACK MARKET
dc.subject
BLACK MARKET EXCHANGE RATE
dc.subject
BORROWING REQUIREMENT
dc.subject
BUDGET DEFICIT
dc.subject
BUDGET DEFICITS
dc.subject
BUFFERS
dc.subject
CAPACITY UTILIZATION
dc.subject
CAPITAL INVESTMENT
dc.subject
CAPITAL MARKETS
dc.subject
CASH TRANSFER
dc.subject
CASH TRANSFERS
dc.subject
CENTRAL BANK
dc.subject
CORRELATION COEFFICIENT
dc.subject
COST OF ENERGY
dc.subject
COUNTRY DUMMIES
dc.subject
CREDIT AGENCIES
dc.subject
CRUDE OIL
dc.subject
CRUDE OIL EXPORTS
dc.subject
CRUDE OIL IMPORTS
dc.subject
CRUDE OIL PRICES
dc.subject
CRUDE OIL PRODUCTION
dc.subject
CURRENCY
dc.subject
CURRENT ACCOUNT
dc.subject
CURRENT ACCOUNT BALANCE
dc.subject
CURRENT ACCOUNT BALANCES
dc.subject
CURRENT ACCOUNT DEFICIT
dc.subject
DEBT LEVELS
dc.subject
DEBT SERVICE
dc.subject
DEPENDENT VARIABLE
dc.subject
DEPRECIATION
dc.subject
DEVELOPING COUNTRIES
dc.subject
DIESEL
dc.subject
DIRECTION OF TRADE
dc.subject
DISBURSEMENT
dc.subject
DISBURSEMENTS
dc.subject
DISTRIBUTION OF OIL
dc.subject
DOMESTIC BANKING
dc.subject
DOMESTIC BANKING SYSTEM
dc.subject
DOMESTIC DEBT
dc.subject
DOMESTIC INFLATION
dc.subject
DOMESTIC OIL
dc.subject
DOMESTIC OIL PRODUCTION
dc.subject
DOWNWARD PRESSURE
dc.subject
DRILLING
dc.subject
DRILLING ACTIVITY
dc.subject
DRILLING RIGS
dc.subject
ECONOMIC GROWTH
dc.subject
ELECTRIC POWER
dc.subject
ELECTRICITY
dc.subject
ELECTRICITY TARIFFS
dc.subject
ENERGY BALANCE
dc.subject
ENERGY MIX
dc.subject
ENERGY PRICES
dc.subject
ENERGY REVIEW
dc.subject
EQUIPMENT
dc.subject
EUROBOND
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RESTRICTIONS
dc.subject
EXPENDITURE
dc.subject
EXPORT EARNINGS
dc.subject
EXPORT MARKETS
dc.subject
EXPORT REVENUES
dc.subject
EXPOSURE
dc.subject
EXTERNAL BALANCES
dc.subject
EXTERNAL DEFICITS
dc.subject
EXTERNAL FINANCING
dc.subject
EXTERNAL FUNDING
dc.subject
FINANCES
dc.subject
FISCAL BALANCE
dc.subject
FISCAL BALANCES
dc.subject
FISCAL DEFICIT
dc.subject
FISCAL DEFICITS
dc.subject
FISCAL POLICY
dc.subject
FISCAL POSITION
dc.subject
FIXED EFFECTS
dc.subject
FOOD PRICE
dc.subject
FOOD PRICES
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN EXCHANGE MARKET
dc.subject
FOREIGN EXCHANGE RESERVES
dc.subject
FOREIGN RESERVES
dc.subject
FUEL
dc.subject
FUEL OIL
dc.subject
FUEL PRICE
dc.subject
FUEL PRICES
dc.subject
FUELS
dc.subject
FUTURES
dc.subject
FUTURES MARKET
dc.subject
FUTURES MARKETS
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GAS
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GAS GRID
dc.subject
GAS IMPORTS
dc.subject
GASOLINE
dc.subject
GENERATING CAPACITY
dc.subject
GLOBAL DEMAND
dc.subject
GLOBAL ECONOMY
dc.subject
GOLD
dc.subject
GOVERNMENT BUDGET
dc.subject
GOVERNMENT REVENUES
dc.subject
GOVERNMENT SAVING
dc.subject
GOVERNMENT SPENDING
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
GROWTH RATE
dc.subject
GROWTH RATES
dc.subject
HOLDING
dc.subject
IMPORT
dc.subject
INFLATION
dc.subject
INFLATION FORECAST
dc.subject
INFLATION RATE
dc.subject
INFLATIONARY PRESSURES
dc.subject
INTERNATIONAL BANK
dc.subject
INTERNATIONAL CAPITAL
dc.subject
INTERNATIONAL CAPITAL MARKET
dc.subject
INTERNATIONAL FINANCIAL STATISTICS
dc.subject
INTERNATIONAL MARKET
dc.subject
INTERNATIONAL OIL PRICES
dc.subject
INTERNATIONAL PRICES
dc.subject
INTERNATIONAL RESERVES
dc.subject
ISSUANCE
dc.subject
LABOR FORCE
dc.subject
LEVEL OF CONFIDENCE
dc.subject
LOAN
dc.subject
LOW OIL PRICES
dc.subject
MACROECONOMIC STABILIZATION
dc.subject
MARKET ACCESS
dc.subject
MARKET PRICES
dc.subject
MARKET SHARE
dc.subject
MILLION BARRELS
dc.subject
MILLION BARRELS PER DAY
dc.subject
MONETARY AUTHORITIES
dc.subject
MONETARY POLICY
dc.subject
MULTIPLE CURRENCY
dc.subject
MULTIPLE CURRENCY PRACTICE
dc.subject
NATURAL GAS
dc.subject
NET OIL
dc.subject
NET OIL EXPORTS
dc.subject
NOMINAL EXCHANGE RATE
dc.subject
OIL
dc.subject
OIL ACCOUNTS
dc.subject
OIL AND GAS
dc.subject
OIL AND GAS SECTOR
dc.subject
OIL COMPANIES
dc.subject
OIL CONSUMER
dc.subject
OIL EXPORT
dc.subject
OIL EXPORT REVENUES
dc.subject
OIL EXPORTERS
dc.subject
OIL EXPORTING COUNTRIES
dc.subject
OIL EXPORTS
dc.subject
OIL FIELDS
dc.subject
OIL IMPORTER
dc.subject
OIL IMPORTERS
dc.subject
OIL IMPORTS
dc.subject
OIL INDUSTRY
dc.subject
OIL MARKET
dc.subject
OIL PIPELINES
dc.subject
OIL PRICE
dc.subject
OIL PRICES
dc.subject
OIL PRODUCERS
dc.subject
OIL PRODUCING
dc.subject
OIL PRODUCING COUNTRIES
dc.subject
OIL PRODUCTION
dc.subject
OIL REVENUE
dc.subject
OIL REVENUES
dc.subject
OIL-PRODUCING COUNTRIES
dc.subject
OPEC
dc.subject
PARALLEL MARKET
dc.subject
PEAK DEMAND
dc.subject
PEG
dc.subject
PENSION
dc.subject
PENSION FUND
dc.subject
PERMANENT SHOCK
dc.subject
PETROLEUM
dc.subject
PETROLEUM IMPORTS
dc.subject
PETROLEUM PRODUCT
dc.subject
PETROLEUM PRODUCT PRICES
dc.subject
POLITICAL INSTABILITY
dc.subject
PORTFOLIO
dc.subject
PORTFOLIO INFLOWS
dc.subject
POWER
dc.subject
POWER COMPANY
dc.subject
PRICE HIKES
dc.subject
PRICE INCREASE
dc.subject
PRICE OF OIL
dc.subject
PRIVATE CONSUMPTION
dc.subject
PRIVATE SECTOR
dc.subject
PRODUCTION COSTS
dc.subject
PUBLIC DEBT
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC SPENDING
dc.subject
RECESSION
dc.subject
REMITTANCE
dc.subject
REMITTANCES
dc.subject
RESERVE
dc.subject
RETURN
dc.subject
SHALE OIL
dc.subject
SLOW GROWTH
dc.subject
SLOWDOWN
dc.subject
SPOT PRICE
dc.subject
SPOT PRICES
dc.subject
STOCK MARKET
dc.subject
STOCK MARKET INDEX
dc.subject
STOCKS
dc.subject
SUPPLY SHOCK
dc.subject
SUPPLY SIDE
dc.subject
SUPPLY-SIDE
dc.subject
SURPLUSES
dc.subject
TAX
dc.subject
TOTAL DEBT
dc.subject
TOTAL EXPORT
dc.subject
TOTAL EXPORTS
dc.subject
TOTAL IMPORTS
dc.subject
TRADE BALANCE
dc.subject
TRADE BALANCES
dc.subject
TRADE DEFICIT
dc.subject
TRADE STATISTICS
dc.subject
TRADE SURPLUS
dc.subject
TRADING
dc.subject
TRADING PARTNERS
dc.subject
TRANCHES
dc.subject
TRANSPORTATION COST
dc.subject
TRANSPORTATION COSTS
dc.subject
UNCERTAINTY
dc.subject
UNEMPLOYMENT RATE
dc.subject
UNEMPLOYMENT RATES
dc.subject
WORLD PRICES
dc.title
MENA Quarterly Economic Brief, January 2015 : Plunging Oil Prices
en
okr.date.disclosure
2015-01-26
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2015/01/23884197/
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-0538-7
okr.identifier.externaldocumentum
000470435_20150126075834
okr.identifier.internaldocumentum
23884197
okr.identifier.report
93847
okr.language.supported
en
okr.region.administrative
Middle East and North Africa
okr.region.geographical
North Africa
okr.region.geographical
Middle East
okr.topic
Energy :: Energy Demand
okr.topic
Oil Refining and Gas Industry
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Finance and Financial Sector Development :: Currencies and Exchange Rates
okr.topic
Energy :: Energy Production and Transportation
okr.topic
Industry
okr.unit
Office of the Chief Economist (MNACE)

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