Archive · Business Recorder
State of the economy
EDITORIAL: The September Update and Outlook has been uploaded by the Finance Division on its website and presents a mixed bag of achievements and failures – achievements linked to the implementation of the International Monetary Fund (IMF) conditions under the ongoing Extended Fund Facility programme and failures associated largely with the ongoing Middle East conflict with the claim that ”elevated global oil prices remain the principal risk to this outlook, through their effect on purchasing power, input costs and the import bill.” The achievements include a decline in the current account def...
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