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The 3.8% GDP slide in 2016, far worse than
official projections, reflected a 5.8% drop in non-oil production due to
falling household incomes and lower investor confidence, as well as the drop in
the price and output of oil. Recession is set to end this year, with GDP rising
by just over 1% as oil prices recover. A pick-up to over 2% growth in 2018
reflects ongoing oil price recovery and first export flows from the new Shah
Deniz gas field.
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The Shale Gas and Oil Report from ISA highlights the key developments in the fast-growing shale gas and oil industry. Moreover, this report highlights the developments in shale gas and oil industries outside ...
The economy has started to move out of recession but it will struggle to achieve any more than weak growth this year as the government will have to embark on a fresh round of austerity to rein in the large ...
Our growth forecast has barely changed with no new national accounts data and oil production rising broadly in line with expectations. The base case sees GDP growing by a forecast 4.3% pa over the forecast ...