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 …

The economy is reviving. Output is poised for a modest recovery in 2013 after again registering disappointing growth in … 21⁄2 percent. Core inflation remains moderate and staff estimates considerable slack in the economy. Policy should … support the economy in the short run. The overall fiscal deficit is expected to grow to 21⁄2 percent of GDP in fiscal year …

-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 …