Macroeconomic indicators are improving, but growth remains sluggish. Growth has been revised down to 1.4 percent for FY2015/16 as drought continues to impede agricultural growth for a second year in a row. Inflation is projected to be 4½ percent this fiscal year, tempered by low global oil prices. The government's proactive liability management operation to buyback the debt owed to Venezuela's PDVSA has lowered debt; the ongoing fiscal effort should ensure it remains firmly on a downward trajectory
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|Size: ||4.5 MB|
|Publisher: ||INTERNATIONAL MONETARY FUND|
|Date published: || 2015|
|ISBN: ||9781513516400 (DRM-EPUB)|
|Read Aloud: ||not allowed|