IMF: Regional Economic Outlook Update – Middle East and Central Asia

Acknowledgments The Middle East and Central Asia Regional Economic Outlook (REO) Update is prepared each spring by the IMF’s Middle East and Central Asia Department (MCD). The analysis and projections contained in the MCD REO are integral elements of the department’s surveillance of economic developments and policies in member countries. It draws primarily on information gat

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The Economic Consequences of the Gulf War. By Kamran Mofid

The Gulf War ranks in terms of scale of destruction and its consequent economic impact as one of the most devastating conflicts of modern times. Both Iran and Iraq are now confronted with the need to reconstruct shattered economies. What is clear, however, is that a return to the pre-war economic situation is not a realistic option. The cost of the conflict to Iraq means that i

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