{"id":288054,"date":"2021-02-05T16:43:02","date_gmt":"2021-02-05T19:43:02","guid":{"rendered":"https:\/\/anba.com.br\/?p=288054"},"modified":"2021-02-05T16:43:02","modified_gmt":"2021-02-05T19:43:02","slug":"mena-region-to-grow-up-to-3-3-in-2021","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/mena-region-to-grow-up-to-3-3-in-2021\/","title":{"rendered":"MENA region to grow up to 3.3% in 2021"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 The International Monetary Fund (IMF) has revised the Middle East and North Africa (MENA) region\u2019s growth to 3.3% in 2021 and jumping to 4.2% in 2022. In October, the IMF expected the region to attain a growth of 2.2% in 2021, Egyptian newspaper <em><a href=\"http:\/\/english.ahram.org.eg\/Index.aspx\" target=\"_blank\" rel=\"noopener\">Al Ahram<\/a><\/em> reported.<\/p>\n<p>The figures came within the IMF\u2019s update on the Middle East and Central Asia (MCD) region\u2019s economic growth, released on Thursday (4). The IMF has not announced its projections for each country in the region.<\/p>\n<p>The IMF attributed the region\u2019s growth revision largely to a stronger-than-expected performance among oil exporters, as the absence of the second wave in some countries boosted non-oil activity. It also said that the impact of the pandemic\u2019s first wave was lower than expected.<\/p>\n<p>\u201cCountries with diversified vaccine providers and production have more favorable or broadly unchanged forecasts, while the outlook for those with more limited access to vaccines and those harder hit by the second wave looks weaker,\u201d said the IMF.<\/p>\n<p>Additionally, countries that adopted stronger fiscal and monetary policies in response to the pandemic are also expected to have a stronger recovery, supported by a shallower trough in 2020, according to the IMF. Fragile and conflict-affected states will be especially battered, with 2021 GDP levels projected at 6% lower than in 2019, according to the IMF.<\/p>\n<p>Touching upon the region\u2019s recovery from the COVID-19 pandemic, the IMF said that risks remain high as renewed infections could delay recovery in the absence of vaccines and policy space.<\/p>\n<p>\u201cRecent mutations of the virus could pose additional challenges. Further spending needs could exacerbate debt sustainability concerns in several countries,\u201d said the Fund.<\/p>\n<p>It added that delays in or mismanagement of vaccine distribution along with the higher vulnerabilities caused by the pandemic could lead to social unrest. \u201cAccess to the COVID-19 vaccine will play a critical role in the region\u2019s recovery ahead,\u201d said the IMF.<\/p>\n<p><strong>Translated by Guilherme Miranda<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-288043\">Mohamed El-Shahed\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Amid the pandemic, the International Monetary Fund expects the Middle East and North Africa to attain an economic growth, revising its previous forecast of 2.2%.<\/p>\n","protected":false},"author":2316,"featured_media":288043,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[114],"tags":[28576,1988,31607,13442,2063,2374],"class_list":{"0":"post-288054","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-fmi-en-2","9":"tag-imf","10":"tag-mena-en-2","11":"tag-mena-en","12":"tag-middle-east","13":"tag-north-africa"},"wps_subtitle":"Amid the pandemic, the International Monetary Fund expects the Middle East and North Africa to attain an economic growth, revising its previous forecast of 2.2%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/288054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=288054"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/288054\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/288043"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=288054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=288054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=288054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}