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MENA update : twin shocks: COVID-19 and punging oil prices

Recurso electrónico / Electronic resource
Registro MARC
Tag12Valor
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008  200408e20200327usa|||| ||| ||eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
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1001 ‎$0‎MAPA20200007517‎$a‎Iradian, Garbis
24510‎$a‎MENA update‎$b‎: twin shocks: COVID-19 and punging oil prices‎$c‎Garbis Iradian, Jonah Rosenthal
260  ‎$a‎Washington‎$b‎The Institute of International Finance‎$c‎2020
300  ‎$a‎3 p.
520  ‎$a‎Our MENA growth forecast now stands at -0.3 percent with additional downside risks. Uncertainty is high regarding the duration of the shutdown and the scope for an additional fall on oil prices. We project recessions in most oil exporters and the lowest growth in oil importers since the early 1990s. MENA's current account is set to shift from a surplus of $28 bn in 2019 to a deficit of $92 bn in 2020 with the fiscal deficit widening from 3.7% of GDP in 2019 to 8.8% in 2020. The fall in non-resident capital inflows will be more than offset by the drop in resident outflows.
650 4‎$0‎MAPA20200005599‎$a‎COVID-19
650 4‎$0‎MAPA20200005391‎$a‎Coronavirus
650 4‎$0‎MAPA20080600648‎$a‎Crecimiento económico
650 4‎$0‎MAPA20100017982‎$a‎Riesgos emergentes
650 4‎$0‎MAPA20080548599‎$a‎Petróleo
651 1‎$0‎MAPA20090034457‎$a‎Oriente Medio
651 1‎$0‎MAPA20130007014‎$a‎Africa del Norte
7001 ‎$0‎MAPA20200007524‎$a‎Rosenthal, Jonah
7102 ‎$0‎MAPA20160011906‎$a‎The Institute of International Finance