BRIEF

Office of the Chief Economist - Middle East & North Africa

April 16, 2019

Countries in the Middle East and North Africa possess all the ingredients they need to leapfrog into the digital future. Their well-educated youth have already adopted new digital and mobile technologies, but, this is still in its infancy. Seizing the opportunities that the digital economy offers the MENA region will require a big push. Policymakers will need to work on multiple fronts. The sooner they start, the greater the chance that today’s young people can overcome economic exclusion and gain more opportunities to realize their—and their region’s—full potential.

World Bank Group



Reforms and External Imbalances: The Labor-Productivity Connection in the Middle East and North Africa

World Bank economists expect economic growth in the Middle East and North Africa (MENA) to continue at a modest pace of about 1.5 to 3.5% during 2019-2021, with some laggards and a few emerging growth stars. While some MENA economies have maintained what this Update calls “unexplained” current account balances for several years, fiscal policy has lost some of its historical role as a driver of the current account. In addition, the region’s capacity to recirculate savings from one country to another also seems to have weakened, most notably since 2014, when the global restructuring of the oil market became abundantly apparent. The declining movement of savings across borders suggests that regional economies that tended to finance trade and current account deficits of other economies now face declining current accounts themselves.

Last Updated: Apr 16, 2019


Events

The MENA Chief Economist Seminar Series is a regular event organized to shed light on and debate the latest research relevant to the Middle East and North Africa. The MENA Chief Economist Seminar Series are held in the World Bank offices in Washington, DC and are open to the public. If you’d like to attend, please send a request to ichaaldabi@worldbank.org.

MENA Chief Economist Seminar Series June / July 2019:

13 Jun 2019

Implementing Public Wealth Management

Dag Detter

18 Jun 2019

Commodity Exports, Foreign Reserve Accumulation, and Corporate Leverage

Hui Tong (IMF)

11 July 2019

A Decade of Competition Policy in Arab Countries: A de jure and de facto assessment

Jala Youssef and Chahir Zaki


Meet our Chief Economist

Rabah Arezki

Chief Economist




    Regional Reports and Research