TY  - BOOK
ED  - World Bank.
ED  - World Bank.
TI  - Middle East and North Africa Economic Developments and Prospects, October 2012 : : Looking Ahead After a Year in Transition
T2  - Middle East and North Africa Economic Monitor
PY  - 2012///
CY  - Washington, D.C.
PB  - The World Bank
KW  - International Economics and Trade
KW  - Macroeconomics and Economic Growth
KW  - Private Sector Development
N2  - The post-revolutionary economies of MENA - Egypt, Tunisia, Libya and Yemen - have been recovering after a period of growth decelerations in 2011. In Egypt and Tunisia, the growth dips of 2011 were less dramatic than the declines observed during previous transitions. The recovery has been relatively quick but the transition process is far from complete and uncertainty about the political and reform process remains a binding constraint to private investment. Consequently, post-transition growth is below potential and is lower than growth prior to the Arab Spring, with negative consequences for employment and poverty. Events in the post-revolution economies have affected other countries in MENA. Macroeconomic fundamentals weakened in most developing MENA countries in 2011-12 as growth slowed and governments responded to social pressures with expansionary fiscal policies. The regional growth outlook for 2013 reflects weaker expected global economic activity, especially in the EU, and moderating oil prices. Regional economic growth is expected to decelerate to 3.5% in 2013 from 5.5% in 2012. Prolonged political and policy uncertainty and social unrest are serious downside risks to the outlook
UR  - http://elibrary.worldbank.org/doi/book/10.1596/978-0-8213-9807-4
ER  -