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Oil Thuaan conflicts and the growth of economies in the Arab region
10/22/15
The study confirmed that even though many countries in the region began to adjust its finances, but it is unlikely that the measures taken are sufficient to ensure fiscal sustainability over the medium term.
BAGHDAD / Obelisk: Report of the International Monetary Fund pointed out that the intensification of the brunt of the conflicts in the Middle East and North Africa and the decline in oil prices led to a setback in the growth prospects and rising risks in the region, in addition to the bout witnessed by the recent volatility of global financial markets.
The report showed, the Fund issued in October 2015, is expected to slow the pace of growth in the near term but a minor degree because of the use of countries in the region the financial Baanaatadtha preventive and resorting to available financing options, where the predicted growth for this year, the proportion of about 2.5 percent.
The study confirmed that even though many countries in the region began to adjust its finances, but it is unlikely that the measures taken are sufficient to ensure fiscal sustainability over the medium term.
According to the report, the immediate pressure on the public finances of the countries in the region highlight the need for private sector-led growth, creating employment opportunities, and increase the diversification of economic vitality.
Find stressed that the easing expected on Iran sanctions, could lead to the formation of multiple effects on a number of oil-exporting countries in the region, where oil-exporting countries are faced with the prospects for an increase of lower oil prices, with the benefit of higher investment and non-oil trade rates.
The report is likely that the risks surrounding the growth prospects in the conflict-affected countries tend toward the negative side. It is expected that the crises in Iraq, Libya, Yemen and Syria continue for a longer period, in addition to the emergence of the refugee dilemma Ovdtha conflicts, thereby reducing the growth in these countries and lead to the transmission of negative repercussions in neighboring countries.
The study reviewed the factors that led to the fall in oil prices, represented the most important in; boom production of shale gas, and the decision of OPEC to maintain production ceiling, adding to expectations the lifting of sanctions on Iran, and the weakness of global growth and the decline of economic data for China, which impact on the demand side for oil.
The report concluded that the markets do not expect a significant increase in oil prices over the medium term, to reach the peak levels recorded in 2014. It is expected that the price of a barrel of oil rose gradually to $ 63 by 2020, adding that these figures are surrounded by a great deal of uncertainty, because of the risk of negative developments surrounding the global economic growth, especially compared to the volatility in the financial markets in the recent period.
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10/22/15
The study confirmed that even though many countries in the region began to adjust its finances, but it is unlikely that the measures taken are sufficient to ensure fiscal sustainability over the medium term.
BAGHDAD / Obelisk: Report of the International Monetary Fund pointed out that the intensification of the brunt of the conflicts in the Middle East and North Africa and the decline in oil prices led to a setback in the growth prospects and rising risks in the region, in addition to the bout witnessed by the recent volatility of global financial markets.
The report showed, the Fund issued in October 2015, is expected to slow the pace of growth in the near term but a minor degree because of the use of countries in the region the financial Baanaatadtha preventive and resorting to available financing options, where the predicted growth for this year, the proportion of about 2.5 percent.
The study confirmed that even though many countries in the region began to adjust its finances, but it is unlikely that the measures taken are sufficient to ensure fiscal sustainability over the medium term.
According to the report, the immediate pressure on the public finances of the countries in the region highlight the need for private sector-led growth, creating employment opportunities, and increase the diversification of economic vitality.
Find stressed that the easing expected on Iran sanctions, could lead to the formation of multiple effects on a number of oil-exporting countries in the region, where oil-exporting countries are faced with the prospects for an increase of lower oil prices, with the benefit of higher investment and non-oil trade rates.
The report is likely that the risks surrounding the growth prospects in the conflict-affected countries tend toward the negative side. It is expected that the crises in Iraq, Libya, Yemen and Syria continue for a longer period, in addition to the emergence of the refugee dilemma Ovdtha conflicts, thereby reducing the growth in these countries and lead to the transmission of negative repercussions in neighboring countries.
The study reviewed the factors that led to the fall in oil prices, represented the most important in; boom production of shale gas, and the decision of OPEC to maintain production ceiling, adding to expectations the lifting of sanctions on Iran, and the weakness of global growth and the decline of economic data for China, which impact on the demand side for oil.
The report concluded that the markets do not expect a significant increase in oil prices over the medium term, to reach the peak levels recorded in 2014. It is expected that the price of a barrel of oil rose gradually to $ 63 by 2020, adding that these figures are surrounded by a great deal of uncertainty, because of the risk of negative developments surrounding the global economic growth, especially compared to the volatility in the financial markets in the recent period.
[You must be registered and logged in to see this link.]
