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Republic of Equatorial Guinea : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Director for the Republic of Equatorial Guinea.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund. African Dept.
- Series:
- IMF Staff Country Reports; Country Report ; No. 2016/341
- IMF Staff Country Reports
- Language:
- English
- Physical Description:
- 1 online resource (68 p.)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2016.
- Summary:
- This 2016 Article IV Consultation highlights that Equatorial Guinea’s overall real GDP growth has been weak in recent years averaging –0.5 percent from 2010–14, largely owing to a trend decline of the dominant hydrocarbon sector. Economic performance deteriorated substantially in the wake of the 2014 oil-price shock. In 2015, the pace of the contraction intensified, and economic activity declined by 7.4 percent. The near-term outlook is very challenging, given prospects for depressed energy prices and a continued decline in hydrocarbon production. Weak oil revenues and limited buffers will require further cuts to public investment, leading to a deep contraction of the large construction sector and public administration.
- Notes:
- Description based on print version record.
- ISBN:
- 9781475551396
- 1475551398
- 9781475551440
- 1475551444
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