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008			020129s2019 dcu o i00 0 eng
020			_z9781464814082
035			_a(The World Bank)211408
040			_aDJBF _beng _cDJBF _erda
100	1		_aArezki, Rabah. _928444
245	1	0	_aReforms and External Imbalances : _bThe Labor-Productivity Connection in the Middle East and North Africa / _cRabah Arezki.
264		1	_aWashington, D.C. : _bThe World Bank, _c2019.
300			_a1 online resource (55 pages)
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
490	1		_aMiddle East and North Africa Economic Update
520	3		_aWorld Bank economists expect GDP growth in the Middle East and North Africa (MENA) to continueat a modest pace of 1.5 percent in 2019, slightly down from 1.6 percent in 2018. The declme reflectsa contraction in one large economy, which more than offsets growth in other countries. In the mediumterm, the World Bank expects real GDP in the MENA to grow at 3.4 percent and 2.7 percent in 2020and 2021, respectively. The expected upswing is partially driven by ongoing policy reforms, as wellas reconstruction efforts in some countries. However, MENA's modest recovery will be insufficientto change its historically low growth in per capita GDP. External factors are unlikely to pull the regionout of its low-growth equilibrium. In addition, many countries in the region have persistent currentaccount deficits. A recent deterioration in external balances across MENA constrained the region'sability to finance these deficits. Although the region has a low risk of experiencing sudden reversalsin capital inflows in the short run, structural reforms capable of raising aggregate labor productivityare urgently needed to gradually reduce external imbalances. The report concludes by providingexamples of reforms in fiscal policies, trade-related policies, social protection and labor markets, andstate-owned enterprises (SOEs) in network industries.
588			_aDescription based on print version record.
650		4	_aCurrent Account _928445
650		4	_aEconomic Growth _928446
650		4	_aExternal Balances _928447
650		4	_aFiscal Balance _928448
650		4	_aOil Exporters _928449
650		4	_aOil Importers _928450
650		4	_aOil Prices _928451
650		4	_aProductivity _928452
700	1		_aArezki, Rabah. _928444
776	0	8	_aPrint Version: _z9781464814082
830		0	_aWorld Bank e-Library. _928453
856	4	0	_uhttp://elibrary.worldbank.org/doi/book/10.1596/978-1-4648-1408-2
999			_c5365 _d5365