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

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<dc:creator>Iradian, Garbis </dc:creator>
<dc:creator>Rosenthal, Jonah </dc:creator>
<dc:creator>The Institute of International Finance</dc:creator>
<dc:date>2020-03-27</dc:date>
<dc:description xml:lang="es">Sumario: Our 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.</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/171220.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:publisher>The Institute of International Finance</dc:publisher>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">COVID-19</dc:subject>
<dc:subject xml:lang="es">Coronavirus</dc:subject>
<dc:subject xml:lang="es">Crecimiento económico</dc:subject>
<dc:subject xml:lang="es">Riesgos emergentes</dc:subject>
<dc:subject xml:lang="es">Petróleo</dc:subject>
<dc:subject xml:lang="es">Oriente Medio</dc:subject>
<dc:subject xml:lang="es">Africa del Norte</dc:subject>
<dc:type xml:lang="es">Libros</dc:type>
<dc:title xml:lang="es">MENA update : twin shocks: COVID-19 and punging oil prices</dc:title>
<dc:format xml:lang="es">3 p.</dc:format>
<dc:coverage xml:lang="es">Oriente Medio</dc:coverage>
<dc:coverage xml:lang="es">Africa del Norte</dc:coverage>
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