Egypt's Nile water committee reviews trilateral negotiations on Ethiopia's GERD    Germany's Merkel gives Britain 30 days to find last-minute Brexit solution    Egyptian police seize 100kg of methamphetamine, arrest 5 people    Egypt's Zohr gas field output rises to 2.7 bln cubic feet per day: Minister    Tottenham Hotspur plans to refinance stadium debt -source    Asian markets lower, traders look to central banks for guidance    Tennis: India expect 'positive' verdict on Davis Cup tie against Pakistan    Tennis: Wildcard Pera stuns third seed Strycova to move into Bronx quarters    FIFA appoint normalisation committee for Egypt's FA until elections    Media body secretary general arrested as part of judge bribery probe: Authority    Egypt drafting new law to impose tax on social media ads, online services    Death toll from Afghan wedding blast rises to 80: Officials    US says it's ready to resume nuclear talks with North Korea    Egypt's MSMEDA injects EGP 2.8 bln into micro, small enterprises in H1 2019    Egypt's Banque du Caire expects to sell minority stake by early 2020    Egypt arrests secretary general of top media body for alleged bribery: Source    Hong Kong leader hopes way out of chaos with dialogue, mutual respect    UK's PM Boris Johnson opening Brexit bid: rip out Irish border backstop    Iran's tanker heads to Greece; U.S. warns against helping vessel    Liverpool thankful to have Egyptian star Salah on his frontline: Klopp    Egypt's Baron Empain Palace to be reopen after renovation    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    ACWA Power compares 3 bids to supply production units for Luxor power station    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Cairo's historic Tahrir square to be renovated – PM    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    28th Citadel Festival for Music and Singing embraces attendees with international troupes    A simple diet change could help live longer, reduce cardiovascular risks by 16%    Serbian Micho to be Zamalek's new coach: Egypt's Mortada Mansour    Cairo University tops 2019 Shanghai Academic Ranking    3 sentenced to death for 2016 killing of 4 Egyptian policemen    Ministry of Environment has a plan for "black clouds season"    Too early to estimate Nile's flooding volume: Irrigation Ministry    Sudan's key opposition may nominate economist Abdalla Hamdok for prime minister    Egypt to launch Bike for Every Citizen initiative soon    Egypt's Zamalek equal club record with 7-0 hammering of Somalia's Dekedaha    LA Opera declines details on longtime general director's investigation    Sudan opposition to nominate economist Abdalla Hamdok for prime minister: Sources    Egypt produces ‘Fraud' documentary on Muslim Brotherhood history    Photo of Egyptologist Zahi Hawass to decorate NYC's Times Square to promote tourism to Egypt    T. Jefferson Parker tells latest tale in tight, vivid prose    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Growth in MENAP region to recover up to 3% in 2020: IMF's WEO
Emerging market, developing economies, tested by difficult external conditions
Published in Daily News Egypt on 22 - 01 - 2019

Growth in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region is expected to remain subdued at 2.4% in 2019 before recovering to about 3% in 2020, according to the World Economic Outlook (WEO) update report, released by the International Monetary Fund on Monday.
Multiple factors weigh on the region's outlook, including weak oil output growth, which offsets an expected pickup in non-oil products, added the report.
The global economy is projected to grow at 3.5% in 2019 and 3.6% in 2020, 0.2 and 0.1 percentage points below last October's projections, noted the report, adding, "Risks to global growth tilt to the downside. An escalation of trade tensions beyond those already incorporated in the forecast remains a key source of risk to the outlook."
Financial conditions have already tightened since the fall and a range of triggers beyond escalating trade tensions could spark a further deterioration in risk sentiment with adverse growth implications, especially given the high levels of public and private debt, said the report.
The potential triggers include a "no-deal" withdrawal of the United Kingdom from the European Union and a greater-than-envisaged slowdown in China, added the report.
The main shared policy priority is for countries to resolve cooperatively and quickly their trade disagreements and the resulting policy uncertainty, rather than raising harmful barriers further and destabilising an already slowing global economy, said the report.
Across all economies, measures to boost potential output growth, enhance inclusiveness, and strengthen fiscal and financial buffers in an environment of high debt burdens and tighter financial conditions are imperatives, said the report.
Emerging markets and developing economies have been tested by difficult external conditions over the past few months amid trade tensions, rising US interest rates, dollar appreciation, capital outflows, and volatile oil prices, mentioned the report.
"In some economies, addressing high private debt burdens and balance-sheet currency and maturity mismatches will require strengthening macroprudential frameworks. Exchange rate flexibility can complement these policies by helping to buffer external shocks," noted the report.


Clic here to read the story from its source.