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1. MENAP Oil Exporters: Weathering the Global Storm

1. MENAP Oil Exporters: Weathering the Global Storm »

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Source: Regional Economic Outlook, October 2009, Middle East and Central Asia

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 October 2009

ISBN: 9781589068582

Keywords: oil exporters, exporters, oil importers, remittances, energy exporters

The MENAP oil exporters were directly affected by the global financial crisis through a sharp drop in oil prices, a contraction in the global economy, and a sudden drying up of capital inflows. Although acti...