April 6, 2016/Ministry of Finance, Republic of Angola The Government of Angola is aware that the high reliance on the oil sector represents a vulnerability to the public finances and the economy more broadly. The sustained efforts over many years to promote economic diversification have already resulted in a significant […]
Tag: Economic
Turkey Outlook Cut by S&P Citing ‘Hard Landing’ Risk
Turkey’s credit rating outlook was cut to negative from stable by Standard & Poor’s, which said there’s a growing risk of a “hard economic landing” as reserves decline and policy makers spar over interest rates. The move by S&P, the only one of the three main credit rating companies that […]
Economic turmoil continues
By martin khor The turmoil of currency decline and capital flight in several developing countries continued, and a re-look into capital controls, Malaysian-style, may be worthwhile. AS the Year of the Horse was ushered in amid Chinese New Year celebrations last week, economic uncertainties continued. The turmoil of currency and […]
