 | Regional Economic Update: Recovering from the Crisis
The region is recovering from the financial crisis along with the global economy. Growth in 2010 is expected to be 4.4 percent region-wide, driven by domestic absorption as well as a positive contribution from external demand. The recovery from the crisis differs by country depending on initial conditions and the intensity of the impact via the three principal channels through which the global financial crisis affected MENA economies - the financial sector, the price of oil, and the balance of payments, reflecting the impact on trade, remittances and FDI flows. More |
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