Franklin

Republic of Equatorial Guinea [electronic resource] : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Director for the Republic of Equatorial Guinea.

Author/Creator:
International Monetary Fund. African Department.
Publication:
Washington, D.C. : International Monetary Fund, 2016.
Format/Description:
Government document
Book
1 online resource (68 p.)
Series:
IMF eLibrary
IMF Staff Country Reports
IMF Staff Country Reports
Status/Location:
Loading...

Options
Location Notes Your Loan Policy

Details

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:
Part of the IMF eLibrary collection.
Description based on print version record.
Contributor:
International Monetary Fund. African Department.
Other format:
Print Version: Republic of Equatorial Guinea: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Director for the Republic of Equatorial Guinea
ISBN:
1475551371
9781475551372
ISSN:
1934-7685
Publisher Number:
10.5089/9781475551372.002 doi
Access Restriction:
Restricted for use by site license.