ESCWA Publication: E/ESCWA/EDGD/2009/Technical Paper.3
Country: Arab region, ESCWA Member States
Publication Type: Reports & studies
Cluster: Shared Economic Prosperity
Focus Area: Financing for development, Macroeconomics
Initiatives: Enhancing integrated national development planning
SDGs: Goal 11: Sustainable Cities and Communities
Keywords: Arab countries, Economic crisis, Financial crisis, Emigration, Gross domestic product, Housing market, Labour market, Petroleum prices, Petroleum revenues, Poverty, Real estate business, Remittances, Social policy, Social security, Stock markets, Unemployment
The impacts of the international financial and economic crisis on ESCWA member countries: challenges and opportunities
January 2009
The unfolding international financial and economic crisis is undoubtedly a foundational historical event. The crisis has reverberated throughout the member countries of the Economic and Social Commission for Western Asia (ESCWA) in the form of a sharp decline in stock markets activity. Almost all financial, economic and social sectors have been adversely affected by the crisis.
Nevertheless, the current crisis should serve as an occasion for bold and decisive policies by ESCWA member countries.
Related content
Financing for development
, Macroeconomics
,
The unfolding international financial and economic crisis is undoubtedly a foundational historical event. The crisis has reverberated throughout the member countries of the Economic and Social Commission for Western Asia (ESCWA) in the form of a sharp decline in stock markets activity. Almost all financial, economic and social sectors have been adversely affected by the crisis.
Nevertheless, the current crisis should serve as an occasion for bold and decisive policies by ESCWA member countries.
