Republic of Equatorial Guinea: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Director for the Republic of Equatorial Guinea
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
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.
Series:
Country Report No. 2016/341
Subject:
Balance of payments statistics Economic and financial statistics Expenditure Fiscal consolidation Fiscal policy Public debt Revenue administration
Notes:
English
Publication Date:
November 16, 2016
ISBN/ISSN:
9781475551372/1934-7685
Stock No:
1GNQEA2016001
Pages:
68
Please address any questions about this title to publications@imf.org