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Arab Monetary Fund expects growth of Arab States economy 3 percent
4/25/15
expect the Arab Monetary Fund, the Arab economic growth falling to 3 percent during the current year, stressing the need to move forward in the implementation of the necessary structural reforms and diversification of the economy away from oil.
The Fund issued a report which predicted that achieves economy Arab countries, with the exception of Libya, the ratio during the year 2015, which is lower than the expected growth by the direction of global oil prices downward.
The report said the drop in oil prices affects to varying degrees in the performance of Arab Petroleum Exporting Countries, as it contributes about 78 percent of GDP for countries Arabic, although the GCC countries will be affected to a lesser degree than the decline in oil prices, due to the adoption of adverse financial policies of economic cycle to stimulate growth, with the accelerated pace in the non-oil sectors, Arphih increase public spending and the trend towards diversification of Alaguetsadah.kma sources report predicts the economies of Arab Petroleum Exporting Countries growth oil by about 2.9 percent during the current year, and that rate rises to 4.2 percent, the exception was the impact of reductions in the price of oil. Gulf, the Arab Monetary Fund report predicted that the growth rate in the GCC countries to reach the threshold of 3.2 percent during 2015, compared with 4.4 percent before the drop in oil prices, but he also said that the lower than expected growth rate does not mean that the Gulf Cooperation Council (GCC) will be affected much lower global oil prices, compared to other Arab countries oil, Rada to adopt Saudi Arabia, Qatar, UAE and Oman adverse financial policies of the economic cycle to stimulate growth, its commitment to raise the pace of public spending, especially in sectors that represent economic growth, Kqtaat education, health and infrastructure engines.
The report predicts that public spending in the Gulf states lead the successive increases to the non-oil sector growth at an accelerated pace, between 5 and 6 percent,
and advised the Arab Monetary Fund and other Arab oil-exporting countries to proceed to diversify the economy, and expected growth fell to 1.7 percent in 2015 , compared with 5.3 percent before falling oil prices. Fund presented this fall to meet these countries political conditions and economic unfavorable, with the exception of Algeria, coincided with the decline in world oil prices.
Adds Fund report that these countries to reduce the state's role in economic activity, and the restructuring of the public sector enterprises in several key sectors, so that the private sector to continue its role in the generation of added value.
The report predicts improved growth in oil-importing Arab countries, to reach 3.7 percent in 2015, compared with 2.8 percent in 2014 and outlines the Arab Monetary Fund report challenges that the Arab countries are facing the most important need to raise growth rates of between 5 and 6 percent a year, to provide a 4 to 5 million jobs, in order to reduce the actual rate of unemployment by 2020.
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4/25/15
expect the Arab Monetary Fund, the Arab economic growth falling to 3 percent during the current year, stressing the need to move forward in the implementation of the necessary structural reforms and diversification of the economy away from oil.
The Fund issued a report which predicted that achieves economy Arab countries, with the exception of Libya, the ratio during the year 2015, which is lower than the expected growth by the direction of global oil prices downward.
The report said the drop in oil prices affects to varying degrees in the performance of Arab Petroleum Exporting Countries, as it contributes about 78 percent of GDP for countries Arabic, although the GCC countries will be affected to a lesser degree than the decline in oil prices, due to the adoption of adverse financial policies of economic cycle to stimulate growth, with the accelerated pace in the non-oil sectors, Arphih increase public spending and the trend towards diversification of Alaguetsadah.kma sources report predicts the economies of Arab Petroleum Exporting Countries growth oil by about 2.9 percent during the current year, and that rate rises to 4.2 percent, the exception was the impact of reductions in the price of oil. Gulf, the Arab Monetary Fund report predicted that the growth rate in the GCC countries to reach the threshold of 3.2 percent during 2015, compared with 4.4 percent before the drop in oil prices, but he also said that the lower than expected growth rate does not mean that the Gulf Cooperation Council (GCC) will be affected much lower global oil prices, compared to other Arab countries oil, Rada to adopt Saudi Arabia, Qatar, UAE and Oman adverse financial policies of the economic cycle to stimulate growth, its commitment to raise the pace of public spending, especially in sectors that represent economic growth, Kqtaat education, health and infrastructure engines.
The report predicts that public spending in the Gulf states lead the successive increases to the non-oil sector growth at an accelerated pace, between 5 and 6 percent,
and advised the Arab Monetary Fund and other Arab oil-exporting countries to proceed to diversify the economy, and expected growth fell to 1.7 percent in 2015 , compared with 5.3 percent before falling oil prices. Fund presented this fall to meet these countries political conditions and economic unfavorable, with the exception of Algeria, coincided with the decline in world oil prices.
Adds Fund report that these countries to reduce the state's role in economic activity, and the restructuring of the public sector enterprises in several key sectors, so that the private sector to continue its role in the generation of added value.
The report predicts improved growth in oil-importing Arab countries, to reach 3.7 percent in 2015, compared with 2.8 percent in 2014 and outlines the Arab Monetary Fund report challenges that the Arab countries are facing the most important need to raise growth rates of between 5 and 6 percent a year, to provide a 4 to 5 million jobs, in order to reduce the actual rate of unemployment by 2020.
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