Economics, Econometrics and Finance
6 years ago

Labor productivity key to economic growth in Middle East and North Africa.

Washington, DC: World Bank eBooks
Reforms and External Imbalances: The Labor-Productivity Connection in the Middle East and North Africa
Rabah Arezki, Daniel Lederman, Amani Abou Harb, Rachel Yuting Fan, Ha Nguyen

Paper Summary

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The World Bank expects modest economic growth in the Middle East and North Africa (MENA) region. The report suggests that external factors play a role in MENA's growth, but the region needs to focus on internal growth in the future. Structural reforms are necessary to address current account deficits. Demographic changes and labor productivity are key factors affecting an economy's current account balance. MENA economies may struggle to close current account deficits without addressing these issues.