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Author: United Nations Publications Publisher: UN ISBN: 9789212320298 Category : Political Science Languages : en Pages : 0
Book Description
As countries worldwide are still recovering from the repercussions of the COVID-19 pandemic, the war in Ukraine is expected to result in severe implications for the global economy. The ongoing conflict is driving up energy and commodity prices, and threatening food security in many parts of the world. The magnitude of the impact on individual countries depends on the composition of their economies, and their trade and financial links with the two countries in conflict. The gross domestic product of the Arab region is expected to grow by 5.18 per cent in 2022 if the conflict ends by June 2022 (0.02 percentage point lower than the pre-crisis projections), and by 4.78 per cent if the conflict endures longer (0.42 percentage point lower than the pre-crisis projections - an estimated loss of around $11 billion). As heavy oil exporters, the Gulf Cooperation Council economies will benefit from the recovery in oil markets that started in 2021, and will grow at their fastest pace since 2014. These countries will also profit from oil price hikes caused by the war in Ukraine. All other Arab countries are expected to grow at a slower pace than pre-crisis projections. In addition to higher energy prices, these countries also face increasing food security concerns as a result of the economic sanctions on the Russian Federation, and disruptions to supply chains caused by military activities. Some will also face a decline in official development assistance.
Author: United Nations Publications Publisher: UN ISBN: 9789212320298 Category : Political Science Languages : en Pages : 0
Book Description
As countries worldwide are still recovering from the repercussions of the COVID-19 pandemic, the war in Ukraine is expected to result in severe implications for the global economy. The ongoing conflict is driving up energy and commodity prices, and threatening food security in many parts of the world. The magnitude of the impact on individual countries depends on the composition of their economies, and their trade and financial links with the two countries in conflict. The gross domestic product of the Arab region is expected to grow by 5.18 per cent in 2022 if the conflict ends by June 2022 (0.02 percentage point lower than the pre-crisis projections), and by 4.78 per cent if the conflict endures longer (0.42 percentage point lower than the pre-crisis projections - an estimated loss of around $11 billion). As heavy oil exporters, the Gulf Cooperation Council economies will benefit from the recovery in oil markets that started in 2021, and will grow at their fastest pace since 2014. These countries will also profit from oil price hikes caused by the war in Ukraine. All other Arab countries are expected to grow at a slower pace than pre-crisis projections. In addition to higher energy prices, these countries also face increasing food security concerns as a result of the economic sanctions on the Russian Federation, and disruptions to supply chains caused by military activities. Some will also face a decline in official development assistance.
Author: United Nations Economic and Social Commission for Western Asia Publisher: ISBN: 9789210026864 Category : Languages : en Pages : 0
Book Description
As countries worldwide are still recovering from the repercussions of the COVID-19 pandemic, the war in Ukraine is expected to result in severe implications for the global economy. The ongoing conflict is driving up energy and commodity prices, and threatening food security in many parts of the world. The magnitude of the impact on individual countries depends on the composition of their economies, and their trade and financial links with the two countries in conflict. The gross domestic product of the Arab region is expected to grow by 5.18 per cent in 2022 if the conflict ends by June 2022 (0.02 percentage point lower than the pre-crisis projections), and by 4.78 per cent if the conflict endures longer (0.42 percentage point lower than the pre-crisis projections - an estimated loss of around $11 billion). As heavy oil exporters, the Gulf Cooperation Council economies will benefit from the recovery in oil markets that started in 2021, and will grow at their fastest pace since 2014. These countries will also profit from oil price hikes caused by the war in Ukraine. All other Arab countries are expected to grow at a slower pace than pre-crisis projections. In addition to higher energy prices, these countries also face increasing food security concerns as a result of the economic sanctions on the Russian Federation, and disruptions to supply chains caused by military activities. Some will also face a decline in official development assistance.
Author: United Nations Publisher: UN ISBN: 9789210031332 Category : Political Science Languages : en Pages : 0
Book Description
The 2022-2023 edition of the Survey of Economic and Social Developments in the Arab Region presents the economic recovery path at the global and regional levels following the COVID-19 pandemic and the war in Ukraine. A lot of uncertainties cloud the outlook as developed countries face increasing risks of falling in a recession and are resorting to increase interest rates to mitigate rising inflation, while developing countries are suffering from increasing borrowing costs, high inflation and uncertainties about energy and food prices. In addition to that, some Arab countries are facing depreciation of local currencies, repercussions of natural disasters, war and occupation, political instability and structural economic challenges. In terms of social developments, the Arab region continues to face significant challenges including widespread poverty, high unemployment and large gender gap. The thematic chapter of this year's survey focuses on inflation in Arab countries and examines the sources of inflation in six countries that have recorded high inflation rates in the past few years, namely Egypt, Lebanon, the Sudan, the Syrian Arab Republic, Tunisia and Yemen. It also presents the different disinflation policies available and provides some recommendations on the way forward.
Author: Publisher: ISBN: Category : Languages : en Pages :
Book Description
The Survey of Economic and Social Developments in the Arab Region is an annual report prepared by the United Nations Economic and Social Commission for Western Asia (ESCWA). The Survey lays out an overall annual picture of the Arab region's state of economic and social development, as well as focusing on specific burning issues which pertain to economic and social developments in Arab countries.
Author: United Nations Publications Publisher: ISBN: 9789211283860 Category : Business & Economics Languages : en Pages : 130
Book Description
Trends can be noted for the past five years, and with this in mind, the 2015-16 Survey will utilize recent data in order to take stock of the impact of instability and conflict, and address the foregone growth and output and destructive effects of this period.
Author: United Nations Publications Publisher: UN ISBN: 9789218900906 Category : Political Science Languages : en Pages : 0
Book Description
The present study shows that the economic recovery that started in 2021 with 4.1 per cent growth for the Arab region is expected to continue at 3.7 per cent in 2022 and 3.6 per cent in 2023 for the baseline scenario, and 3.9 per cent in both years for the alternate scenario. The extent of economic recovery varies among Arab subregions and depends on the course of the pandemic, the speed of vaccination, dependency on oil revenues, tourism receipts, and levels of remittance inflows and official development assistance. For the Arab region as a whole, poverty is expected to decline from 26.94 per cent of the population in 2021 to 26.23 per cent in 2023, based on national poverty lines. The region made a slight improvement in closing the gender gap in 2020 but at the current pace of change needs 142 years to reach gender parity. Social protection systems in the region face severe shortcomings in coverage and effectiveness, particularly in countries with limited fiscal space and persistent political instability. Arab governments need to pursue tax reforms they initiated a while ago. Qualitative reforms should make tax systems fairer and more progressive, with simpler and more transparent administrative procedures for better tax compliance. At the national level, reforms should include redesigning tax brackets, rationalizing exemptions, introducing wealth or property taxes, and improving tax data. At the regional and international levels, enhanced cross-border tax cooperation is critical to coordinate tax incentives, review treaties and reinforce tax transparency.
Author: United Nations Economic and Social Commission for Western Asia Publisher: ISBN: 9789210025553 Category : Languages : en Pages : 0
Book Description
The present study shows that the economic recovery that started in 2021 with 4.1 per cent growth for the Arab region is expected to continue at 3.7 per cent in 2022 and 3.6 per cent in 2023 for the baseline scenario, and 3.9 per cent in both years for the alternate scenario. The extent of economic recovery varies among Arab subregions and depends on the course of the pandemic, the speed of vaccination, dependency on oil revenues, tourism receipts, and levels of remittance inflows and official development assistance. For the Arab region as a whole, poverty is expected to decline from 26.94 per cent of the population in 2021 to 26.23 per cent in 2023, based on national poverty lines. The region made a slight improvement in closing the gender gap in 2020 but at the current pace of change needs 142 years to reach gender parity. Social protection systems in the region face severe shortcomings in coverage and effectiveness, particularly in countries with limited fiscal space and persistent political instability. Arab governments need to pursue tax reforms they initiated a while ago. Qualitative reforms should make tax systems fairer and more progressive, with simpler and more transparent administrative procedures for better tax compliance. At the national level, reforms should include redesigning tax brackets, rationalizing exemptions, introducing wealth or property taxes, and improving tax data. At the regional and international levels, enhanced cross-border tax cooperation is critical to coordinate tax incentives, review treaties and reinforce tax transparency.
Author: United Nations Publications Publisher: ISBN: 9789211284140 Category : Arab countries Languages : en Pages : 0
Book Description
This annual flagship publication seeks to both analyze routinely monitored economic and social variables in the Arab region in a global context as well as address debt sustainability and the macroeconomic implications. Given that the COVID-19 pandemic will have significant repercussions in 2021 and beyond, it is crucial to understand how Arab countries are dealing with the economic impact of the virus. The report sets out two scenarios: a baseline scenario projecting that the economy will rebound in the first quarter of 2021; and a pessimistic scenario in which the crisis will persist throughout the first quarter of 2021. However, given considerable advancements in research on COVID-19 vaccines, an economic rebound should be expected no later than the second quarter of 2021.
Author: United Nations Publications
Author: United Nations Publications
Author: United Nations Economic and Social Commission for Western Asia
Author: United Nations
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Author: United Nations Publications
Author: United Nations Publications
Author: United Nations Economic and Social Commission for Western Asia
Author: United Nations Publications
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