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[IWS] World Bank: MENA QUARTERLY ECONOMIC BRIEF, JANUARY 2015: PLUNGING OIL PRICES [January 2015]

IWS Documented News Service

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Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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World Bank

WORLD BANK MIDDLE EAST AND NORTH AFRICA REGION

MENA QUARTERLY ECONOMIC BRIEF, Issue 4, January 2015

 

MENA QUARTERLY ECONOMIC BRIEF, JANUARY 2015: PLUNGING OIL PRICES [January 2015]

https://openknowledge.worldbank.org/handle/10986/21349

or

https://openknowledge.worldbank.org/bitstream/handle/10986/21349/938470REPLACEM0c0Biref0January02015.pdf?sequence=2

[full-text, 48 pages]

 

This issue of the MENA Quarterly Economic Brief focuses on the implications of low oil prices for eight developing countries, or the MENA-8 (oil importers: Egypt, Tunisia, Lebanon and Jordan and oil exporters: Iran, Iraq, Yemen and Libya) and the economies of the GCC (Gulf Cooperation Council), who play a major role in providing funds in the form of aid, investment, tourism revenues and remittances to the rest of the countries of the region. We make the following assumptions about the future price of oil: (i) The price will average $65 Brent p/b in 2015; (ii) a higher price $78 Brent p/b will be used for comparison analysis. As with other economic variables, there is uncertainty associated with the future price of oil, which adds to the error involved in projections. The data for 2015 2017 in the figures and tables are projections. These projections are based on statistical information available through early January 2015.

 

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