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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 fiscal deficit after 19 February presidential elections. We estimate that GDP shrank by 2.0% in 2016 and will grow by just 0.5% this year before gaining momentum to 2.2% in 2018.
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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 ...
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 ...
GDP growth slowed abruptly to an estimated 1.5% in 2016 and will ease to 0.4% in 2017. Activity is being weighed down by lower government spending, the squeeze on private consumption, and a cut in crude ...