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Diversification and structural transformation play important roles in influencing the macroeconomic performance of low-income countries (LICs). Increases in income per capita at early stages of development are typically accompanied by a transformation in a country's production and export...
Persistent link: https://www.econbiz.de/10014410661
Persistent link: https://www.econbiz.de/10014410689
factor reallocation, and reduce manufacturing output and net exports. We also observe that real exchange rate misalignment … due to overvaluation and higher volatility of the real exchange rate lower growth. Regarding the effect of undervaluation … of the exchange rate on economic growth, the evidence is mixed and inconclusive. However, there is no evidence in the …
Persistent link: https://www.econbiz.de/10014403243
structural reforms continue to bear fruit, as evidenced by strong growth and improved social indicators. Real GDP growth averaged … remain at 3 percent of GDP. The medium-term outlook remains favorable with growth projected at above 6 percent sustained by …
Persistent link: https://www.econbiz.de/10011244286
, given the effects of the global recession and a logging sector decline. Real GDP growth is projected at 0.4 percent in 2009 …
Persistent link: https://www.econbiz.de/10011244490
Persistent link: https://www.econbiz.de/10011244555
This paper discusses key findings of the Second Review Under the Stand-By Arrangement for Mongolia. All end-June performance criteria for the Second Review were met. The authorities have also implemented all but two of the end-June structural benchmarks, albeit with some delay. The creation of a...
Persistent link: https://www.econbiz.de/10011244557
This paper discusses key findings of the Second Review Under the Stand-By Arrangement (SBA) for Armenia. The authorities met all quantitative performance criteria for end-June and end-September, with the exception of the end-September fiscal balance. All structural benchmarks for end-June and...
Persistent link: https://www.econbiz.de/10011244576
This 2013 Article IV Consultation highlights that recent economic developments in Myanmar have been positive. Growth is … favorable. Growth is expected to accelerate slightly in FY2013/14, led by rising gas production and investment, including in the …
Persistent link: https://www.econbiz.de/10011244604
domestic economy's resilience, while its gross domestic product (GDP) growth was marginally slow owing to its weak external …
Persistent link: https://www.econbiz.de/10011244791