{
  "title": "The Republic of Yemen: 2013 Article IV Consultation",
  "publication": "IMF Staff Country Reports, July 31, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/the-republic-of-yemen-2013-article-iv-consultation-40846",
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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.",
  "publishDate": "2013-07-31",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- The macroeconomic situation stabilized in 2012, but the recovery remains fragile.\n- Real GDP: 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.\n- Oil sector: Oil production declined further in 2012 due to continued sabotage of the pipelines.\n- Inflation: Average inflation declined to 9.9 percent in 2012 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."
    },
    {
      "heading": "Macroeconomic context and drivers",
      "content": "- Supply-side factors: Easing of supply bottlenecks in 2012 contributed to output recovery and utilization of idle capacity.\n- Exchange rate and food prices: Appreciation of the rial to its pre-crisis level and moderation of international food prices helped reduce inflationary pressures.\n- Security and infrastructure: Continued sabotage of oil pipelines was an important negative shock to oil production and external receipts."
    },
    {
      "heading": "Key statistics and publication metadata",
      "content": "- Pages: 79\n- Volume: 2013\n- Issue: 246\n- Series: Country Report No. 2013/246\n- DOI: https://doi.org/10.5089/9781475554045.002\n- Stock No: 1YEMEA2013001\n- ISBN: 9781475554045\n- ISSN: 1934-7685"
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Balance of payments statistics; Economic and financial statistics; External debt; Government finance statistics; National accounts; Public debt\n- Keywords: address unemployment; aid disbursement; Asia and Pacific; Balance of payments statistics; CR; debt; exchange rate system; GDP; Global; Government finance statistics; inflation objective; ISCR; Middle East; real GDP; Yemen; Yemeni authorities\n\nThe Republic of Yemen: 2013 Article IV Consultation, IMF Staff Country Reports 2013, 246.\n\n---\n\n Content in this bundle\n\n- Republic of Yemen: 2013 Article IV Consultation; IMF Country Report No.13/246; July 2, 2013\n  - Republic of Yemen: 2013 Article IV Consultation; IMF Country Report No.13/246; July 2, 2013 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Yemen: 2013 Article IV Consultation; IMF Country Report No.13/246; July 2, 2013 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/the-republic-of-yemen-2013-article-iv-consultation-40846"
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    "Published: July 31, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475554045.002",
    "The macroeconomic situation stabilized in 2012, but the recovery remains fragile.",
    "Real GDP: 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.",
    "Oil sector: Oil production declined further in 2012 due to continued sabotage of the pipelines.",
    "Inflation: Average inflation declined to 9.9 percent in 2012 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.",
    "Supply-side factors: Easing of supply bottlenecks in 2012 contributed to output recovery and utilization of idle capacity.",
    "Exchange rate and food prices: Appreciation of the rial to its pre-crisis level and moderation of international food prices helped reduce inflationary pressures.",
    "Security and infrastructure: Continued sabotage of oil pipelines was an important negative shock to oil production and external receipts.",
    "Pages: 79",
    "Volume: 2013",
    "Issue: 246",
    "Series: Country Report No. 2013/246",
    "DOI: https://doi.org/10.5089/9781475554045.002",
    "Stock No: 1YEMEA2013001",
    "ISBN: 9781475554045",
    "ISSN: 1934-7685",
    "Subjects: Balance of payments statistics; Economic and financial statistics; External debt; Government finance statistics; National accounts; Public debt",
    "Keywords: address unemployment; aid disbursement; Asia and Pacific; Balance of payments statistics; CR; debt; exchange rate system; GDP; Global; Government finance statistics; inflation objective; ISCR; Middle East; real GDP; Yemen; Yemeni authorities",
    "**Republic of Yemen: 2013 Article IV Consultation; IMF Country Report No.13/246; July 2, 2013**"
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