COVID-19 Pandemic and the Middle East and Central Asia: Region Facing Dual Shock

2020-05-13T11:31:00-04:00March 23, 2020|

This blog is part of a series providing regional analysis on the effects of the coronavirus.

By Jihad Azour

عربي, Español, Français, Português, Русский

The impact of COVID-19 and the oil price plunge in the Middle East and the Caucasus and Central Asia has been substantial and could intensify. With three-quarters of the countries reporting at least one confirmed case of COVID-19 and some facing a major outbreak, the coronavirus pandemic has become the largest near-term challenge to the region. […]

Finding Solid Footing for the Global Economy

2020-02-21T09:44:28-05:00February 19, 2020|

By Kristalina Georgieva

عربي, Español, Français, 日本語, Português, Русский

As the Group of Twenty industrialized and emerging market economies (G-20) finance ministers and central bank governors gather in Riyadh this week, they face an uncertain economic landscape.

After disappointing growth in 2019, we began to see signs of stabilization and risk reduction, including the Phase 1 U.S.-China trade deal. In January, the IMF projected growth to strengthen from 2.9 percent in 2019 to 3.3 percent in 2020 and 3.4 percent in 2021. This projected uptick in growth is dependent on […]

Global Growth Plateaus as Economic Risks Materialize

2019-03-13T13:33:15-04:00October 8, 2018|

By Maurice Obstfeld

October 9, 2018

عربي中文, Español, FrançaisBaˈhasa indoneˈsia, 日本語, Русский

Uncertainty over trade policy is becoming a drag on economic activity (photo: Imagine China/Newscom)

The latest World Economic Outlook report projects that global growth will remain steady over 2018–19 at last year’s rate of 3.7 percent. This growth exceeds that achieved in any of the years between 2012 and 2016. It […]

Economic Preparedness: The Need for Fiscal Space

2019-03-14T10:06:20-04:00June 27, 2018|

By Vikram Haksar, Marialuz Moreno-Badia, Catherine Pattillo and Murtaza Syed

June 27, 2018

Versions in عربي中文Baˈhasa indoneˈsia,  日本語Português

Countries must assess the amount of room in their budgets for increasing spending or cutting taxes (photo: Martin Barraud/iStock by Getty Images)

How much leeway national policymakers have for increasing spending or cutting taxes has been hard to assess. […]

5 Things You Need to Know About the IMF and Climate Change

2019-03-14T10:35:05-04:00June 8, 2018|

By Ian Parry

June 8, 2018

Versions in  عربي,  中文,  Español, Français, 日本語Português, Русский 

A polar bear on shrinking ice in the Arctic: climate change means the world is getting hotter (photo: Sven-Erik Arndt/Newscom)

The world is getting hotter, resulting in rising sea levels, more extreme weather like hurricanes, droughts, and floods, as well as other risks to the global climate like the irreversible […]

Chart of the Week: Why Energy Prices Matter

2019-03-25T15:01:36-04:00June 5, 2017|

By IMFBlog

June 5, 2017

Versions in   عربي (Arabic),  中文 (Chinese), Español (Spanish)

(photo: Imagine China/Newscom)

Wind turbines and solar panels generate electricity at power station, Jiangsu, China. Getting energy prices right will help reduce environmental costs and save lives (photo: Imagine China/Newscom)

World Environment Day is an occasion to consider why it’s so important to get energy prices right. The IMF has long […]

Channeling a Voice for Women

2019-03-25T18:02:47-04:00April 7, 2017|

IMFBlog

Muna AbuSulayman is a Saudi Arabian media personality, whose television show, Kalam Nawaem, which means “soft talk” in Arabic, is the longest running and most popular social issues show in the Middle East. In this podcast, AbuSulayman discusses pushing social boundaries, including on topics such as gender equality. […]

OPEC’s Rebalancing Act

2019-03-26T10:06:22-04:00March 15, 2017|

By Rabah Arezki and Akito Matsumoto

Versions in عربي (Arabic), Français (French), Русский (Russian), and Español (Spanish)

In November 2014, the Organization of Petroleum Exporting Countries (OPEC) decided to maintain output despite a perceived global glut of oil. The result was a steep decline in price.

Two years later, on November 30, 2016, the organization took a different tack and committed to a six-month, 1.2 million barrel a day (3.5 percent) reduction in OPEC crude oil output to 32.5 million barrels per day, effective in January 2017. The result was a small price increase and some price stability. […]

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