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

• Record Nr.: UNINA9910155011803321
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2016
• ISBN: 9781475551396; 1475551398; 9781475551440; 1475551444
• Descrizione fisica: 1 online resource (68 p.)
• Collana: IMF Staff Country Reports
• Soggetti: Macroeconomics; Public Finance; Statistics; Fiscal Policy; Taxation, Subsidies, and Revenue: General; Debt; Debt Management; Sovereign Debt; National Government Expenditures and Related Policies: General; Current Account Adjustment; Short-term Capital Movements; Data Collection and Data Estimation Methodology; Computer Programs: Other; Public finance & taxation; Econometrics & economic statistics; Fiscal consolidation; Revenue administration; Public debt; Expenditure; Balance of payments statistics; Fiscal policy; Economic and financial statistics; Revenue; Debts, Public; Expenditures, Public; Balance of payments; Equatorial Guinea, Republic of
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Sommario/riassunto: 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.