Middle East and Central Asia
Middle East and Central Asia Regional Economic Outlook
May 2006
World Economic and Financial Surveys
The report provides a broad synopsis of recent economic developments and prospects in the countries covered by the IMF's Middle East and Central Asia Department, and highlights the need for policies to adjust further to a world of high oil prices. |
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Contents
| Recent Macroeconomic Developments and Prospects | |||
| Highlights | |||
| Recent Economic Developments and Policies | |||
| Economic Outlook and Risks | |||
| Policy Issues | |||
| Boxes | |||
| 1. | What Happened to Higher Oil Revenues in Oil-Exporting Countries? | ||
| 2. | Pass-Through of Higher Oil Prices to Domestic Product Prices | ||
| 3. | Developments in Equity Markets—Fundamentals or Bubbles? | ||
| Figures | |||
| 1. | Global Real GDP Growth | ||
| 2. | Real GDP Growth in MCD | ||
| 3. | Consumer Price Index | ||
| 4. | External Current Account Balance | ||
| 5. | Foreign Direct Investment | ||
| 6. | Gross Official Reserves | ||
| 7. | Central Government Fiscal Balance | ||
| 8. | Total Government Debt | ||
| 9. | Money Growth and Inflation, 2005 | ||
| 10. | Credit to the Private Sector | ||
| 11. | Nominal Effective Exchange Rate | ||
| 12. | Real Effective Exchange Rate | ||
| 13. | WEO Global Assumptions | ||
| Statistical Appendix | |||
| Data and Conventions | |||
| Tables | |||
| 1. | Real GDP Growth | ||
| 2. | Real Oil and Non-Oil GDP Growth for Oil Exporters | ||
| 3. | Nominal Gross Domestic Product | ||
| 4. | Consumer Price Index | ||
| 5. | Broad Money | ||
| 6. | Central Government Fiscal Balance | ||
| 7. | Central Government Total Revenue Excluding Grants | ||
| 8. | Central Government Non-Oil Fiscal Balance | ||
| 9. | Central Government Non-Oil Revenue | ||
| 10. | Central Government Total Expenditure and Net Lending | ||
| 11. | Central Government Wages and Salaries | ||
| 12. | Total Government Debt | ||
| 13. | Export of Goods and Services Growth | ||
| 14. | Import of Goods and Services Growth | ||
| 15. | Terms of Trade | ||
| 16. | Nominal Effective Exchange Rate | ||
| 17. | Real Effective Exchange Rate | ||
| 18. | External Current Account Balance | ||
| 19. | Gross Official Reserves | ||
| 20. | Total Gross External Debt | ||