MENA Quarterly Economic Brief, January 2015 : Plunging Oil Prices
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 e...
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| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/01/23884197/ http://hdl.handle.net/10986/21349 |
| Summary: | 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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