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We expect GDP growth of 2.5% in 2017, lower than the minister of economy's recent forecast of 3.5-4%. Improvements in the non-oil economy are being masked by cuts to oil production in accordance with the OPEC deal. We see oil sector growth at just 1% this year, while the non-oil sector - a better indicator of overall business conditions - is expected to grow by 3.2%.
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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 ...