Middle East and Central Asia

Regional Economic Outlook, September 2006, Middle East and Central Asia

Publication Date:

December 13, 2006

Summary:

This paper presents the economic outlook for the Middle East and Central Asia for 2006–07. Economic performance in the Middle East and Central Asia region remains strong, despite security problems in some countries and recent asset price reversals. Growth in the region continues to outpace global growth and should average 6–7 percent in 2006 and 2007—similar to the rates of the past three years. Strong external inflows resulting from high oil and non-oil commodity prices, foreign investments, and remittances are fueling credit growth, and inflation continues to edge up.

Series:

Middle East and Central Asia

Subject:

Commodities Emerging and frontier financial markets Financial markets Inflation Oil Oil prices Oil, gas and mining taxes Prices Taxes