Republic of the Congo Economic Update, September 2015
This second edition covers the year 2014 and the first quarter of 2015 and presents the economic outlook for 2015–2017. Beyond the review of recent economic developments, the report highlights the main results of the World Bank’s analytical work in...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/12/25653174/republic-congo-report-monitoring-economic-financial-situation http://hdl.handle.net/10986/23563 |
| Summary: | This second edition covers the year 2014
and the first quarter of 2015 and presents the economic
outlook for 2015–2017. Beyond the review of recent economic
developments, the report highlights the main results of the
World Bank’s analytical work in the Republic of Congo with
the aim to promote the consistency of the country’s economic
policies in the medium and long term. This edition covers a
variety of macroeconomic topics, from policies and economic
indicators for the real sector to public finance, the
monetary position and the external sector. It shows that
Congo’s economy grew strongly in 2014 despite the
significant decline in the price of oil. The lower oil
prices will have an even greater impact in 2015 as they
bring down domestic demand. Moreover, this edition looks in
particular at the impact of volatile oil prices on the
country’s economy, emphasizing the most appropriate fiscal
policies in this context. |
|---|