Republic of Equatorial Guinea : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Director for the Republic of Equatorial Guinea

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

November 16, 2016

Electronic Access:

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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. 16/341

Subject:

Notes:

Also Available in Spanish

English

Publication Date:

November 16, 2016

ISBN/ISSN:

9781475551372/1934-7685

Stock No:

1GNQEA2016001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

68

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