Cover Regional Economic Outlook, Middle East and Central Asia, October 2024
Regional Economic Outlook, Middle East and Central Asia, October 2024
Navigating the Evolving Geoeconomic Landscape
Download PDF (3.9 MB) Download Epub

Abstract

Economic growth in the Middle East and North Africa and Caucasus and Central Asia regions is projected to strengthen in the near term, but only to the extent that current challenges abate. Ongoing conflicts and oil production cuts are dampening economic performance, and medium-term growth prospects have weakened over the past two decades. Moreover, high uncertainty looms, with key risks including escalating conflicts, increased geoeconomic fragmentation, and commodity price volatility. To boost growth and create jobs—especially for women and youth—reform priorities include strengthening governance, encouraging private sector investment, and advancing financial development.

Buy Book in Print
Author:
International Monetary Fund. Middle East and Central Asia Dept.
Search for other papers by International Monetary Fund. Middle East and Central Asia Dept. in
Current site
Google Scholar
PubMed Close
Series:
Regional Economic Outlook
Publisher:
International Monetary Fund
Language:
English
Publication Date:
31 Oct 2024
DOI:
https://doi.org/10.5089/9798400287350.086
ISBN:
9798400287350
ISSN:
2707-8086
Pages:
61
Keywords:
Middle East; North Africa; Caucasus; Central Asia; Gaza; Sudan; Lebanon; trade patterns; economic growth; reforms; growth prospects; shocks; conflicts; uncertainty; economic performance; growth prospects; risks; oil production cuts; OPEC+; investment; geoeconomic fragmentation; IMF; governance; medium-term; capital deepening; women; youth; employment; commodity price volatility; private sector; financial development; CCA region; CCA economy; CCA country; IMF staff calculation; oil exporter; Total factor productivity; Financial sector development; Oil exports; Inflation; Labor force participation; East Africa; Central Asia and the Caucasus; Global
Legal-disclaimer:
Projections and policy considerations are those of the IMF staff and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.
  • Collapse
  • Expand