THE IMPACT OF GLOBAL ECONOMIC CRISIS IN THE MIDDLE EAST
The Impact of Global Economic
Crisis in the Middle East
Impact of Global Economic Crisis in Middle East
Page 1
Table of Contents
Glossary ..................................................................................................................................... 3
Introduction ............................................................................................................................ 4
Background ............................................................................................................................ 4
The Effect of the Crisis .......................................................................................................... 5
Financial Markets............................................................................................................... 5
Oil ...................................................................................................................................... 6
Foreign Assets .................................................................................................................... 7
Impact in tourism sector..................................................................................................... 7
Remittances ........................................................................................................................ 8
Non-Oil Exports ................................................................................................................. 8
Response to mitigate the turmoil ........................................................................................... 8
Crisis on Economic Performance........................................................................................... 9
Economic Growth .............................................................................................................. 9
Inflation
Crisis in the Middle East
Impact of Global Economic Crisis in Middle East
Page 1
Table of Contents
Glossary ..................................................................................................................................... 3
Introduction ............................................................................................................................ 4
Background ............................................................................................................................ 4
The Effect of the Crisis .......................................................................................................... 5
Financial Markets............................................................................................................... 5
Oil ...................................................................................................................................... 6
Foreign Assets .................................................................................................................... 7
Impact in tourism sector..................................................................................................... 7
Remittances ........................................................................................................................ 8
Non-Oil Exports ................................................................................................................. 8
Response to mitigate the turmoil ........................................................................................... 8
Crisis on Economic Performance........................................................................................... 9
Economic Growth .............................................................................................................. 9
Inflation