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World Bank: Iraq, Iran and the least developed in the Middle East in 2015
Wednesday 14 January 2015 | 16:16
The World Bank predicted world economic growth rate of 3% in 2015 compared to a growth of 2.6% in 2014
While Iran is in danger of falling oil prices and its implications for the general budget, and struggling Iraq against "Daash" organization, who seized the provinces to the north of the country, the threats, the World Bank predicted that the country recorded the lowest growth rate in the Middle East and North Africa by 0.9% each in 2015.0
In the latest World Bank report entitled "Global Economic Prospects", and monitoring during which the future prospects for about 14 countries in North Africa and the Middle East, expected to top the Sultanate of Oman and Djibouti are growing in the region in 2015, growth of 5% and 5.5%, respectively rate.
The World Bank predicted world economic growth rate of 3% in 2015 compared to a growth of 2.6% in 2014.
On 30 December last, the government and the opposition signed an agreement in Djibouti "political framework" to end the political crisis in the country following the parliamentary elections held in February 2013.
According to the World Bank in an earlier report that Djibouti low-middle-income countries, with a population of about 880 thousand people, and per capita gross national income about $ 1600, and reached its gross domestic product GDP about $ 1.5 billion in 2013. More than 40% of Djibouti's population in extreme poverty, which does not have a lot of natural resources and abundant agricultural land or rain water.
In spite of the fact that Lebanon live a severe political crisis, which the House of Representatives failed over 16 session to elect a new president for the country, since the end of the term of former President Michel Suleiman last May, the World Bank predicted that the growth of 2% rate recorded in the current year compared to 1.5% in last year.
After Tunisia completed all the electoral votes of the adoption of the constitution and the holding of parliamentary and presidential elections, the World Bank predicted that the growth rate of 2.7% in the current year compared to 2.3% in the past year.
Despite the loss of foreign exchange reserves in Algeria, about $ 8 billion in 3 months because of falling oil prices and fuel exports and soaring imports, the World Bank predicted that the growth of Algeria's economy rate rises to 3.3% in the current year from 3% in the past year.
And the decline of the Algerian reserves of about $ 195 billion at the end of March to 193.27 billion dollars at the end of June before falling back to 185.27 billion dollars at the end of September of last year.
The World Bank predicted that the growth of the Hashemite Kingdom of Jordan's economy rate rises to 3.4% in the current year, from 3% in the past year, while suffering in the country from the consequences of the political and security crises in neighboring countries, and the crisis due to the Syrians by the refugees.
According to the World Bank in its report, that after years of turmoil, it seems that the Middle East and North Africa region's economy is stabilizing, although growth is still fragile and uneven, pointing out that the growth in oil-importing countries was generally stable in 2014, while the brisk economic activity in the Petroleum Exporting Countries after shrinking slightly in 2013.
The report predicted high growth Middle East and North Africa region rate gradually to 3.5% in 2017, from 1.2% in 2014.
The World Bank predicted that Egypt recorded 3.5% growth rate in the current fiscal year, which ends on June 30, compared with 2.2% in the previous fiscal year.
Egypt aims to attract large investments during scheduled for the next month of March economic summit of up to $ 13 billion, have been invited to about 120 countries around the world, and about 3,500 investors to attend, as part of efforts to revive the economy, which has been hit hard since 2011.
While Yemen has recently been extended to work with a budget last year, 2014, after a delay in adoption of its project for 2015 in the normal schedule before the start of the new year, due to political unrest, the bank predicted that the recorded growth rate of 3.7% in the current year compared to 1.9% in the past year.
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Wednesday 14 January 2015 | 16:16
The World Bank predicted world economic growth rate of 3% in 2015 compared to a growth of 2.6% in 2014
While Iran is in danger of falling oil prices and its implications for the general budget, and struggling Iraq against "Daash" organization, who seized the provinces to the north of the country, the threats, the World Bank predicted that the country recorded the lowest growth rate in the Middle East and North Africa by 0.9% each in 2015.0
In the latest World Bank report entitled "Global Economic Prospects", and monitoring during which the future prospects for about 14 countries in North Africa and the Middle East, expected to top the Sultanate of Oman and Djibouti are growing in the region in 2015, growth of 5% and 5.5%, respectively rate.
The World Bank predicted world economic growth rate of 3% in 2015 compared to a growth of 2.6% in 2014.
On 30 December last, the government and the opposition signed an agreement in Djibouti "political framework" to end the political crisis in the country following the parliamentary elections held in February 2013.
According to the World Bank in an earlier report that Djibouti low-middle-income countries, with a population of about 880 thousand people, and per capita gross national income about $ 1600, and reached its gross domestic product GDP about $ 1.5 billion in 2013. More than 40% of Djibouti's population in extreme poverty, which does not have a lot of natural resources and abundant agricultural land or rain water.
In spite of the fact that Lebanon live a severe political crisis, which the House of Representatives failed over 16 session to elect a new president for the country, since the end of the term of former President Michel Suleiman last May, the World Bank predicted that the growth of 2% rate recorded in the current year compared to 1.5% in last year.
After Tunisia completed all the electoral votes of the adoption of the constitution and the holding of parliamentary and presidential elections, the World Bank predicted that the growth rate of 2.7% in the current year compared to 2.3% in the past year.
Despite the loss of foreign exchange reserves in Algeria, about $ 8 billion in 3 months because of falling oil prices and fuel exports and soaring imports, the World Bank predicted that the growth of Algeria's economy rate rises to 3.3% in the current year from 3% in the past year.
And the decline of the Algerian reserves of about $ 195 billion at the end of March to 193.27 billion dollars at the end of June before falling back to 185.27 billion dollars at the end of September of last year.
The World Bank predicted that the growth of the Hashemite Kingdom of Jordan's economy rate rises to 3.4% in the current year, from 3% in the past year, while suffering in the country from the consequences of the political and security crises in neighboring countries, and the crisis due to the Syrians by the refugees.
According to the World Bank in its report, that after years of turmoil, it seems that the Middle East and North Africa region's economy is stabilizing, although growth is still fragile and uneven, pointing out that the growth in oil-importing countries was generally stable in 2014, while the brisk economic activity in the Petroleum Exporting Countries after shrinking slightly in 2013.
The report predicted high growth Middle East and North Africa region rate gradually to 3.5% in 2017, from 1.2% in 2014.
The World Bank predicted that Egypt recorded 3.5% growth rate in the current fiscal year, which ends on June 30, compared with 2.2% in the previous fiscal year.
Egypt aims to attract large investments during scheduled for the next month of March economic summit of up to $ 13 billion, have been invited to about 120 countries around the world, and about 3,500 investors to attend, as part of efforts to revive the economy, which has been hit hard since 2011.
While Yemen has recently been extended to work with a budget last year, 2014, after a delay in adoption of its project for 2015 in the normal schedule before the start of the new year, due to political unrest, the bank predicted that the recorded growth rate of 3.7% in the current year compared to 1.9% in the past year.
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