IMF Sees 2017 Middle East Outlook Better Than 2016

The video discusses the improved economic outlook for 2017, driven by global factors and oil price increases. It highlights the fiscal consolidation efforts in the GCC, particularly in Saudi Arabia, and the challenges faced by Bahrain and Oman. Tunisia's economic reforms and the role of the IMF are also covered. The video concludes with a discussion on energy subsidies in the Middle East and their economic implications.

What was a key factor in the improved economic outlook for 2017 compared to 2016?

• Increased global trade barriers

• Improvement in the global environment

• Decrease in oil prices

• Reduction in global population

How has the non-oil economy in the GCC performed despite fiscal consolidation?

• It has shown growth

• It has remained stagnant

• It has declined significantly

• It has collapsed

What is one of the measures Saudi Arabia has taken to address its fiscal deficit?

• Expanding public sector employment

• Increasing oil production

• Reducing subsidies

• Lowering taxes

What challenge is Bahrain facing that requires fiscal consolidation?

• High debt to GDP ratio

• Surplus budget

• Excessive foreign investment

• Low GDP growth

What recent measure has Tunisia taken that aligns with IMF advice?

• Fixed exchange rate regime

• More flexible exchange regime

• Increased public sector size

• Reduced interest rates

What is a suggested use of the fiscal space created by reducing energy subsidies?

• Investing in capital spending

• Increasing military spending

• Reducing taxes

• Increasing subsidies

What is a key focus for Tunisia to ensure economic growth?

• Increasing oil exports

• Implementing structural measures

• Decreasing foreign aid

• Reducing public sector jobs