The Global Outlook, Secular Stagnation, and the MENA region

Uri Dadush

No 1612, Policy briefs on Economic Trends and Policies from Policy Center for the New South

Abstract: Despite the gloomy tone of much discussion at the just-concluded IMF and World Bank annual meetings, the global economy is not in as bad shape as many think. The concerns about “secular stagnation” in advanced countries are also overplayed, and nor are developing countries directly exposed to such risks. By contrast, the pessimism about the prospects for MENA are unfortunately largely justified. Most importantly, at the global and at the MENA level the biggest concerns are not economic, but political, and how the political context affects economic policies and the confidence of investors.

Date: 2016-11
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