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? […]
The unrest spreading throughout the Arab world will have significant economic implications for the region.
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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. […]
Economic growth in Africa over the last ten years has been at its strongest in decades, but continued reform efforts—especially those affecting governance and the business climate—are needed to ensure that this renaissance continues. […]
The Middle East and North Africa have been less affected by the global economic crisis so far, allowing Middle Eastern governments to continue delaying the deep economic and governance reforms required for long-term economic growth in the region. […]
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