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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The Arab citizen is in trouble: Learn about debt ratios and price rises until 2022

    Rocky
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    • Post n°1

    The Arab citizen is in trouble: Learn about debt ratios and price rises until 2022 Empty The Arab citizen is in trouble: Learn about debt ratios and price rises until 2022

    Post by Rocky Mon Apr 12, 2021 9:11 am


    [size=47]The Arab citizen is in trouble: Learn about debt ratios and price rises until 2022[/size]



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    London
    The New Arab
    April 12, 2021
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    The path to recovery in 2021 is long and mixed (New Arab)
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    A year after the start of the Coronavirus (Covid-19) pandemic, the race between the vaccine and the virus has entered a new phase in [You must be registered and logged in to see this link.] , and the recovery path in 2021 is expected to be long and mixed.
    In a report published yesterday, the [You must be registered and logged in to see this link.] Monetary Fund indicates that the prospects will differ greatly between countries, depending on the course of the pandemic, the deployment of the vaccine, the basic vulnerabilities, exposure to tourism activity and sectors that require intense direct contact, and the space to act in front of policies and the measures they take.

    According to the IMF, it is expected that overall public financing needs will remain high in most emerging [You must be registered and logged in to see this link.] in the region during the period 2021-2022, with adverse risks posed by the possibility of further tightening global financial conditions and / or postponing fiscal consolidation if the recovery turns out to be weaker than the standard. Expected.
     The figures contained in the IMF report indicate that new crises will haunt the Arab citizen during the current and next years, most notably the rise in prices for consumers, in addition to the rise in government debts. Usually, governments increase taxes, reduce expenditures and subsidies, as the volume of debt rises relative to the gross domestic product.
    What about the detailed numbers?
    Government debt rises
    The majority of Arab countries, according to the data contained in the report on the Fund's website, are facing an increase in the volume of debt relative to GDP.
    The IMF forecasts that government debt will rise from 40.2% of GDP in Algeria in 2021 to 41.2% in 2022, while Bahrain will rise from 129.4% to 134.2%. The same is the case in Iraq, where government debt will rise from 69.7% in 2021 to 73.3% in the following year. 
    Kuwait will witness a significant increase from 13.7% to 27.3%, while the percentage in Oman will decrease from 71.3% to 66.8%. As for Qatar, it will record a decrease from 59.8% to 53.9%, while the percentage in Saudi Arabia between 2021 and 2022 will increase from 31 to 31.7%, and the same is the case in the UAE, with the percentage increasing from 37.1 to 39.2%.
    The total government debt in Egypt will decrease, according to International Monetary Fund data, from 92.9% in 2021 to 88.9% relative to GDP in the following year, and the decline will apply to Jordan, with the percentage dropping from 91.2% to 91%. In Morocco, however, the percentage will increase from 77.1 to 77.4%.
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    Arab economy

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    The total debt will also increase in Tunisia from 91.2 to 93.9%, in Mauritania from 56.3 to 61.6%, while in Palestine it will decline from 47.9 to 44.3%, in Sudan from 221.7 to 185.9%, and in Yemen from 73 to 67.9%.
    Rises in inflation
    The state of inflation is not different from the reality of debts, as most Arab countries are witnessing a rise in prices, which increases the suffering of citizens amid the intensification of the economic and livelihood stranglehold due to the deep-rooted crises in a number of Arab economies, and the repercussions of the Corona virus add to it. 
    The report states that the repercussions of the closure and the problems that occurred in the markets increased the unemployment rates among young people during the year 2020 to 55% in Jordan, 32% in Morocco and 36.5% in Tunisia.
    However, other indicators witnessed a deterioration, most notably prices, as the International Monetary Fund data predicted that inflation in Algeria would rise 10.2% in the current year and 7.6% in the following year. In Bahrain, inflation will be 1.5% this year and 2.1% next year. To Iraq, where the data shows inflation of 9.4% in 2021 and 7.5% the following year.
    Inflation in Libya will be recorded at 18.2% this year and 14.2% in 2022, and in Kuwait, 2.3% this year and 2.5% next year. In Oman, prices will increase by 3.8% in 2021 and 2.4% in the following year. In Qatar, the expected rate is 2.4% this year and 2.9% in 2022, while in Saudi Arabia it is 2.9% in 2021 and 2% in the following year, while the UAE will record 2.9% this year and 1.2% next year.
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    Arab economy

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    The data of the International Monetary Fund completes its forecasts for inflation in the Arab countries, so that it will be recorded in Egypt 7% this year and 8% next year, and in Jordan 2.3% this year and 2% in 2022. In Morocco, the percentage will increase between the two aforementioned years, registering 0.8% and 1.2%. Respectively, and the same is the case in Tunisia, with 5.8% and 6.3%, respectively. While the percentage in Yemen will be 30.6% during the current year, and 19.2% in the year 2022.
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