-managed economy. However, the issues that would pose a challenge to the financial sector and would hamper overall economic stability …

The economy continues to recover at a steady pace, buoyed by strong activity in the oil and gold sectors, as well as …

KEY ISSUES Context: The overall state of the economy remains strong despite lower metal prices and market turbulence in … mid-2013. The economy is still operating somewhat near potential and continues to be one of the most dynamic in the region … protect the economy from external shocks. Perspective: The outlook is positive with balanced risks. On the upside, a faster …

policies allowed saving a sizable portion of the hydrocarbon revenue windfall, improving the resilience of the economy to …

implementation of prudent macroeconomic policies has strengthened the economy’s resilience to risks but large external and fiscal …

in advancing growth-oriented structural reforms. The country’s close ties with the global economy, while a source of … strength, heighten the economy’s exposure to external risks. The transition to a less accommodative monetary policy in the U ….S. and other advanced economies is a key risk. Recent Developments: In 2013, the economy has begun to operate below capacity …