Regional economic forecast - 2009 - United Nations Economic and Social Commission for Western Asia

Resources

Regional Economic Forecast - 2009 cover

ESCWA Publication: E/ESCWA/EDGD/2009/Technical Paper.4


Country: Arab region

Publication Type: Reports & studies

Cluster: Shared Economic Prosperity

Focus Area: Financing for development, Macroeconomics

Initiatives: Economic Statistics and National Accounts

SDGs: Goal 8: Decent Work and Economic Growth

Keywords: Arab countries, Economic conditions, Economic forecasts, Economic projections

Regional economic forecast - 2009

January 2009

As the world economy indicated a recovery from recession throughout the second and third quarters of 2009, the economic sentiment of the ESCWA region has improved from pessimism to cautious optimism. Several worst-case scenarios have not happened at the present phase of the global financial crisis. A balance-of-payment crisis and associated currency devaluation did not materialize even in the countries where the current account positions were weak. The once feared reverse mass migration of expatriate workers from the member countries of the Gulf Cooperation Council (GCC) did not take place.

Related content
Financing for development , Macroeconomics
arrow-up icon
Feedback