The Middle East and North Africa have seen more change in the last three months than in the previous fifty years and the current turmoil will have far-reaching and, in the short-run, adverse economic implications both within the region and beyond. […]
After a relatively short-lived decline during the Great Recession, international food prices have soared again and reached a record-high in recent months. This price surge, coupled with a dramatic spike in the price of oil, is causing great hardship for the world’s poor households. […]
Turmoil in the Middle East has injected huge uncertainty into oil markets. Could unrest spread to Saudi Arabia, Iran, or others in the region and disrupt oil supplies? What will be the consequences for the global recovery? What can policy makers do? […]
Economic growth in Africa has accelerated remarkably since the turn of the century, reflecting a rise in commodity prices as well as better macroeconomic policies, increased openness, and fewer conflicts. […]
The unrest spreading throughout the Arab world will have significant economic implications for the region.
[…]
If asset prices and currency values overshoot and inflation surges, there is a risk that emerging markets will be hit with another potentially devastating financial crisis. […]
While almost every economy in the Middle East and North Africa region is projected to accelerate in 2011-2012, significant downside risks to this forecast remain. […]
As fears rise over currency clashes, policy makers must confront the challenges of a two-speed global economy where China and other emerging markets are surging ahead while Europe, the United States, and Japan face a number of serious economic concerns. […]
Despite unprecedented support from the European Union and the IMF, the euro crisis that began in Greece has quickly engulfed Europe and now threatens the very future of the euro. […]
The euro crisis is driven primarily by two elements – problematic sovereign debt in Greece, Ireland, Italy, Portugal, and Spain, and fragile European banks. While ballooning public debt may be the clearest manifestation of the euro crisis, its roots go much deeper. […]
Copyright © 2024 | Economic Policy International
