The Republic of Yemen : 2013 Article IV Consultation

Publication Date: July 31, 2013
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Summary: This staff report on the Republic of Yemen’s 2013 Article IV Consultation highlights economic development and policies. The macroeconomic situation stabilized in 2012, but the recovery remains fragile. After contracting by more than 12 percent in 2011, real GDP is estimated to have grown by 2.4 percent in 2012, reflecting an easing of supply bottlenecks, and utilization of part of idle capacity. On the other hand, oil production declined further, due to continued sabotage of the pipelines. Average inflation declined to 9.9 percent from 19.5 percent in 2011, reflecting the appreciation of the rial to its pre-crisis level, the moderation of international food prices, and the easing of supply shortages.
Series: Country Report No. 13/246
Subject(s): Article IV consultation reports | Transition economies | Economic growth | Fiscal policy | Unemployment | Fiscal consolidation | Fiscal reforms | Monetary policy | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Yemen

Publication Date: July 31, 2013
ISBN/ISSN: 9781475554045/1934-7685 Format: Paper
Stock No: 1YEMEA2013001 Pages: 79
US$18.00 (Academic Rate:
US$18.00 )
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