Home
[size=35][size=35]Including Iraq.. An international report reveals "difficult" challenges facing the Arab countries[/size]
[You must be registered and logged in to see this link.]
[/size]
[You must be registered and logged in to see this link.][/size]
2023-02-05 | 02:33
[You must be registered and logged in to see this image.]
[/size]
1,887 views
Alsumaria News - Internationals
While some of the data seemed “rosy” for the Gulf oil-exporting countries, in the January 2023 report, entitled: “Updates in the Global Economic Outlook: Inflation is on the verge of a peak amid an atmosphere of low growth,” issued by[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]However, the reality reflects discrepancies in the countries of the region, especially those that are threatened by "social dangers" after they also witnessed new collapses in their currencies, such as Lebanon, Syria , Iraq , and other countries in the Middle East and North Africa that suffer from several economic crises.
And within the frame, he did not comment[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]On the expected prospects for the collapse of some currencies in the Arab world, as it is outside the data that the Fund studied in its recent report, and on the other hand, it expressed the social threats resulting from the current economic crises, and gave some advice that must be followed to each of the oil importing and exporting countries.
pointed out[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]It is estimated that real GDP growth in the Middle East and North Africa region accelerated to 5.4 percent in 2022 from 4.1 percent in 2021, mainly supported by strong expansion in oil-exporting economies that benefited from higher oil prices. And gas and strong growth of non-oil GDP, to offset the negative impact of high food prices and high global interest rates, and among the factors contributing to this growth to a lesser extent, the strong momentum of some of the major oil importers in the region, including Egypt, for example.
He pointed out that "global growth is expected to slow down to 3.2 percent in 2023, against the backdrop of deteriorating global conditions and slowdown in hydrocarbon production."
On the other hand, the fund said that "despite this slowdown in economic activity, growth in Arab countries is still higher than global growth."
And he continued, "The fund's expectations are that inflation reached its peak in 2022 and is gradually declining after that, reflecting an economic scene in which commodity prices decline and tight monetary and financial policies."
Weaknesses in the countries of the region
and for oil-importing countries, he said[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]“Fiscal and external vulnerabilities remain high in many countries with high levels of debt. In addition, significant downside risks remain. For example, persistent increases in commodity prices and widespread food shortages in these countries could lead to insolvency. Food security that could lead to social unrest, in light of the continuing high unemployment rate, and increasing financial pressures in oil-importing countries.
In this context, he stressed that "accelerating the correction of fiscal policies in countries where financial resources are limited and tight will be critical to maintaining debt sustainability."
He stressed the necessity of coupling"
The region must also continue to work to build resilience in the face of future shocks and advance structural reforms to enhance productivity and inclusive growth, according to the IMF.
Saudi Arabia and the Gulf States The
Fund stressed that "Saudi Arabia is one of the fastest growing economies during the year 2022. There is a need for strong economic growth to continue raising living standards and increasing economic diversification. Maintaining this high growth pace will require maintaining a strong reform momentum, as has happened over the years." the past few years through the implementation of Vision 2030.
Saudi Arabia's non-oil sector, which creates jobs, has grown at the fastest pace in more than a year and helped the kingdom post the fastest overall growth among the major global economies, Bloomberg reported.
Estimates of the General Authority for Statistics showed, on Tuesday, that the non-oil economy grew by 6.2 percent on an annual basis during the last quarter of last year, which is the highest level since the third quarter of 2021.
The oil economy rose by 6.1 percent during the period. Same thanks to the rise in global crude prices.
January report
It is reported that[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]He lowered his forecast for Saudi gross domestic product growth by 1.1 percentage points to 2.6 percent in 2023, and expected the kingdom to grow by 3.4 percent in 2024, in a January report.
The Fund's latest global economic forecasts indicated a slowdown in the overall growth of the economies of the Middle East and Central Asia this year to 3.2 percent, which is 0.4 percentage points lower than its estimate in October, attributing this to reasons including the effects of the war in Europe.
said chief economist and director of research at[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]Pierre-Olivier Gorincha, speaking at the report's launch conference on Tuesday, said that the review of the region mainly reflects "the reductions of Egypt and Saudi Arabia, which is due, among other things, to the impact of the war in Ukraine and its repercussions on commodity prices."
He added that for Saudi Arabia, the decline in crude oil production within the framework of the OPEC + agreement also has an impact.
The Deputy Director of Research Department b[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]Petya Cueva Brooks, during the conference: "The situation is very difficult for oil importers in the region, many of whom are heavily indebted, and therefore food and energy prices, which are still high, are a burden (..) the cost of living crisis is still present and affecting that region So there is also a risk of social unrest."
In the report, the fund expected growth in the Middle East and Central Asia to decline from 5.3 percent in 2022 to 3.2 percent in 2023, with a 0.4 percentage point reduction in forecasts since October, which is attributed to a sharper-than-expected slowdown in growth. Saudi Arabia.
The Fund's expectations indicate a decrease in global inflation from 8.8 percent in 2022 to 6.6 percent in 2023 and 4.3 percent in 2024, two rates that remain higher than pre-pandemic levels (from 2017-2019) by about 3. 5 percent.
The balance of risks remains tilted towards negative developments, however, downside risks have receded since the October 2022 issue of the "Global Economic Outlook" report.
On the plus side, we could see a stronger boost to pent-up demand in many economies or a faster drop in inflation.
On the downside, serious health outcomes in China could dampen the recovery, Russia's war in Ukraine could escalate, and tighter global financing conditions could worsen the debt crisis.
Financial markets may also suddenly start repricing interest rates in reaction to adverse inflation news, while increasing geopolitical fragmentation could impede economic progress, according to the Fund's report.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
[/size]
Economie
[size][size][You must be registered and logged in to see this link.][/size]
2023-02-05 | 02:33
[You must be registered and logged in to see this image.]
[/size]
1,887 views
Alsumaria News - Internationals
highlight the discrepancies in the economies of the Arab countries for a long time, but the most pressing challenges are what the International Monetary Fund has focused on, about "social unrest" that some Arab countries may witness due to the continued rise in commodity prices and the spread of food shortages, which threatens security food, and compounds social challenges.
While some of the data seemed “rosy” for the Gulf oil-exporting countries, in the January 2023 report, entitled: “Updates in the Global Economic Outlook: Inflation is on the verge of a peak amid an atmosphere of low growth,” issued by[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]However, the reality reflects discrepancies in the countries of the region, especially those that are threatened by "social dangers" after they also witnessed new collapses in their currencies, such as Lebanon, Syria , Iraq , and other countries in the Middle East and North Africa that suffer from several economic crises.
And within the frame, he did not comment[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]On the expected prospects for the collapse of some currencies in the Arab world, as it is outside the data that the Fund studied in its recent report, and on the other hand, it expressed the social threats resulting from the current economic crises, and gave some advice that must be followed to each of the oil importing and exporting countries.
pointed out[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]It is estimated that real GDP growth in the Middle East and North Africa region accelerated to 5.4 percent in 2022 from 4.1 percent in 2021, mainly supported by strong expansion in oil-exporting economies that benefited from higher oil prices. And gas and strong growth of non-oil GDP, to offset the negative impact of high food prices and high global interest rates, and among the factors contributing to this growth to a lesser extent, the strong momentum of some of the major oil importers in the region, including Egypt, for example.
He pointed out that "global growth is expected to slow down to 3.2 percent in 2023, against the backdrop of deteriorating global conditions and slowdown in hydrocarbon production."
On the other hand, the fund said that "despite this slowdown in economic activity, growth in Arab countries is still higher than global growth."
And he continued, "The fund's expectations are that inflation reached its peak in 2022 and is gradually declining after that, reflecting an economic scene in which commodity prices decline and tight monetary and financial policies."
Weaknesses in the countries of the region
and for oil-importing countries, he said[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]“Fiscal and external vulnerabilities remain high in many countries with high levels of debt. In addition, significant downside risks remain. For example, persistent increases in commodity prices and widespread food shortages in these countries could lead to insolvency. Food security that could lead to social unrest, in light of the continuing high unemployment rate, and increasing financial pressures in oil-importing countries.
In this context, he stressed that "accelerating the correction of fiscal policies in countries where financial resources are limited and tight will be critical to maintaining debt sustainability."
He stressed the necessity of coupling"
The region must also continue to work to build resilience in the face of future shocks and advance structural reforms to enhance productivity and inclusive growth, according to the IMF.
Saudi Arabia and the Gulf States The
Fund stressed that "Saudi Arabia is one of the fastest growing economies during the year 2022. There is a need for strong economic growth to continue raising living standards and increasing economic diversification. Maintaining this high growth pace will require maintaining a strong reform momentum, as has happened over the years." the past few years through the implementation of Vision 2030.
Saudi Arabia's non-oil sector, which creates jobs, has grown at the fastest pace in more than a year and helped the kingdom post the fastest overall growth among the major global economies, Bloomberg reported.
Estimates of the General Authority for Statistics showed, on Tuesday, that the non-oil economy grew by 6.2 percent on an annual basis during the last quarter of last year, which is the highest level since the third quarter of 2021.
The oil economy rose by 6.1 percent during the period. Same thanks to the rise in global crude prices.
January report
It is reported that[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]He lowered his forecast for Saudi gross domestic product growth by 1.1 percentage points to 2.6 percent in 2023, and expected the kingdom to grow by 3.4 percent in 2024, in a January report.
The Fund's latest global economic forecasts indicated a slowdown in the overall growth of the economies of the Middle East and Central Asia this year to 3.2 percent, which is 0.4 percentage points lower than its estimate in October, attributing this to reasons including the effects of the war in Europe.
said chief economist and director of research at[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]Pierre-Olivier Gorincha, speaking at the report's launch conference on Tuesday, said that the review of the region mainly reflects "the reductions of Egypt and Saudi Arabia, which is due, among other things, to the impact of the war in Ukraine and its repercussions on commodity prices."
He added that for Saudi Arabia, the decline in crude oil production within the framework of the OPEC + agreement also has an impact.
The Deputy Director of Research Department b[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]Petya Cueva Brooks, during the conference: "The situation is very difficult for oil importers in the region, many of whom are heavily indebted, and therefore food and energy prices, which are still high, are a burden (..) the cost of living crisis is still present and affecting that region So there is also a risk of social unrest."
In the report, the fund expected growth in the Middle East and Central Asia to decline from 5.3 percent in 2022 to 3.2 percent in 2023, with a 0.4 percentage point reduction in forecasts since October, which is attributed to a sharper-than-expected slowdown in growth. Saudi Arabia.
The Fund's expectations indicate a decrease in global inflation from 8.8 percent in 2022 to 6.6 percent in 2023 and 4.3 percent in 2024, two rates that remain higher than pre-pandemic levels (from 2017-2019) by about 3. 5 percent.
The balance of risks remains tilted towards negative developments, however, downside risks have receded since the October 2022 issue of the "Global Economic Outlook" report.
On the plus side, we could see a stronger boost to pent-up demand in many economies or a faster drop in inflation.
On the downside, serious health outcomes in China could dampen the recovery, Russia's war in Ukraine could escalate, and tighter global financing conditions could worsen the debt crisis.
Financial markets may also suddenly start repricing interest rates in reaction to adverse inflation news, while increasing geopolitical fragmentation could impede economic progress, according to the Fund's report.
[You must be registered and logged in to see this link.]
» The Turkish Energy Minister denies fining his country $1.4 billion in the case of exporting Kurdista
» Integrity: the arrest of a wanted former trade official after his return from outside Iraq
» Report: Paving the Silk Road passes through pumping more Chinese loans to transit countries
» The Minister of Finance is discussing with the International Monetary Fund support for economic refo
» The Finance Committee breaks its silence: Al-Halbousi is alone discussing the budget in his private
» What is the benefit of the return of Iranian-Saudi relations to Iraq? Parliament answers
» Ports: 3 Travelers Were Arrested In Possession Of 522 Master Card Cards Intended For Smuggling
» Seizing A Factory For Industrial Fraud And Counterfeiting Trademarks, And Arresting Its Owner In Bag
» Iraq and Romania are discussing a mechanism for mutual coordination to support expertise between the
» The Agricultural Bank launches car purchase advances
» Al-Sudani calls for solving citizens' problems without waiting for the Prime Minister's directives
» Parliamentary Work: We have obligated local and foreign companies to employ the Iraqi workforce and
» Iraq Ports Company: The completion rate of the Al-Faw Grand Port project has reached more than 44.5%
» The head of the Service Council mortgages the launch of appointments to two issues and talks about t
» The Iraq Stock Exchange ends the day's trading, down 0.49%
» The arrest of a former official in the Ministry of Commerce after his return from abroad
» “Al-Kazemi incites Washington by inciting against Al-Sudani.” An American network warns the former p
» Deputy likely date of inclusion of the draft budget law on the agenda of Parliament
» The Central Bank of Iraq announces the imminent issuance of a decision regarding the possibility of
» Rashid: The United Nations has shown interest in helping Iraq solve water problems
» Exposing corruption and waste of public money worth 123 billion dinars in Basra (documents)
» After abolishing it years ago.. Restoring the provincial councils for the benefit or for the interes
» With rising prices, drought and lack of subsidies threaten the livestock market in Iraq
» The Iraqi Central Bank wants to issue a denomination of 20,000 dinars: we will issue a decision to p
» International trade obliges Iraq to pay compensation to Ankara in the arbitration case
» Declining Central Bank of Iraq sales of dollars
» An Iraqi bank launches car purchase advances
» International Trade orders Iraq to pay compensation to Ankara in the arbitration case
» Experts: Growing crude sales to China reflect positively on the economy
» Integrity monitors 5,000 lagging projects worth $20 billion over 5 years
» The maximum limit is 150 million.. An Iraqi company determines deposit compensation rates
» DNO begins closing oil fields in Kurdistan
» New talk from the Central Bank regarding the exchange rate and the possibility of printing a denomin
» Minister of Labor We await approval of the budget to include 600,000 families with social protection
» Al-Sudani calls for expediting registration for health insurance: services at subsidized prices
» Investors Association: Foreign investors are now selling their shares from Iraqi companies
» Baghdad and Muscat are finalizing the memorandum of understanding in the field of combating corrupti
» Parliament hosts the representative of the International Monetary Fund
» Parliamentary Oil confirms its intention to dismiss a number of officials of the Iraqi Oil Marketing
» The Iraqi charge d'affaires in Manama (tickles) the King of Bahrain, and its government officially p
» Al-Rafidain launches a new meal from the predecessors of employees and associates electronically
» The start of the tasks of the government services team in Baghdad
» Amending the election law raises controversy
» Parliamentary Committee: Basra Oil incurred 10 billion dinars as delay fines
» Lawmakers: The three-year budget cuts the path of corruption
» Kurdistan parties do not agree on an electoral system
» The central bank records the highest cash reserve in its history
» Kurdistan loses its most prominent supporters.. Washington is "angry" with its Kurdish allies, and t
» The Sudanese registers in the health insurance electronic form
» With a value of 123 billion dinars.. Parliamentary integrity reveals corruption and waste of public
» With fears of disruption to Kurdistan's supplies, oil is approaching $79 a barrel
» The President of the Republic stresses the need to support the oil industry
» Oil: directives to expedite the investment of 200 cubic meters per day of associated gas in Dhi Qar
» A Norwegian oil company closes wells and withdraws from the Kurdistan region
» Dollar prices recorded a noticeable decline in Baghdad markets
» The Iraqi Central Bank’s sales of dollars reach more than 200 million
» In numbers.. the new taxes in the budget and its “citizen victim”
» Oil: directives to expedite the investment of 200 cubic meters per day of associated gas in Dhi Qar
» On his visit to the Atomic Energy Agency (IAEA).. The Minister of Education discusses the developmen
» The Iraqi government withdraws the bill to confiscate the funds of the pillars of Saddam's regime
» Parliament passes the election law with security intervention after chaos
» Iraq makes the water file sovereign and tends to store the Turkish increase in releases
» An international report: 75% of the displaced farming families did not return to their homes
» The delegation of the Kurdistan region returns to Baghdad to discuss the settlement of previous diff
» The coordination framework is preparing to abolish the Judicial Commission and the Kirkuk elections
» Central Bank: Our measures contributed to the stability of the exchange rate
» The general amnesty returns to the fore... and a political consensus to speed up its approval
» Al-Sudani conveys the issue of water from his artistic side and makes it a sovereign file
» The Minister of Foreign Affairs directs to return the Iraqi Chargé d'Affairs to Bahrain to Baghdad
» The Minister of Finance is discussing cooperation with France and Britain in 3 sectors
» Electricity announces the operation of a crutch generation station on free national gas
» Al-Mandalawi and Al-Hakim stress the need to expedite the legislation of the budget law
» Retirement begins with the disbursement of the second meal for the beneficiaries of the category of
» Agriculture shows the mechanism of importing crops
» The Central Bank expects a decrease in the difference between the official and parallel exchange rat
» Deputy: It is expected that 15 laws will be presented to Parliament during the coming weeks
» Social protection: transgressors are held accountable and the money they received is returned
» Cabinet decisions at its meeting today
» The Social Protection Authority clarifies the mechanism for recovering money from those who violated
» Sudanese advisor: Central Bank reserves reached 115 billion dollars
» International oil prices continue to rise and are approaching $78 a barrel
» Demands for Iraq to move to put pressure on Türkiye to obtain its share of water
» Among them is the budget.. Al-Mandalawi and Al-Hakim discuss the importance of approving legislation
» KTFA Monday Night CC "Don't Go Chasing Waterfalls" 3-27-2023
» The House of Representatives is close to approving a law that has been suspended for more than a dec
» Advisor to the Prime Minister: Iraq's economy is strong and moving towards improvement
» Sudanese advisor: The official exchange rate will match the parallel exchange rate within a few week
» The most prominent of which is the discussion of the oil file.. A delegation from the regional gover
» Parliamentary Finance: We have received the draft budget and it is not necessary to return it to the
» Parliamentary mobilization for statement "One" against the dictatorship of Al-Halbousi during the se
» Framework: We will not make any concessions in order to pass the election law
» Al-Bayati: The budget will be decided during next April, and the Kurds will not hinder its passage
» With an area of 330 dunums.. revealed the details of an economic and commercial city project in Ba
» Framework: Reviewing the strategic agreement with America will be a next priority after its failure
» A parliamentary move to host the Minister of Commerce due to the delay in disbursing the ration card
» Kurdistan's oil is stacked in storage tanks after exports to Turkey stopped
» Parliament was surprised by Al-Halbousi's behavior by hiding the budget and putting forward politica
» Expert: The American presence on the borders undermines the country's security and threatens its saf