Macroeconomic Forecast Yemen

BMI View: Yemen's economic outlook remains grim, as persistent political unrest continues to hit private consumption, fixed investment and exports. The country's prospects in the years ahead are highly dependent on the degree to which promised foreign aid receipts materialise, and our core view sees real GDP growing by just 4.4% and 3.2% in 2012 and 2013 respectively, following an estimated contraction of 13.1% last year. Moreover, given the extent of the political uncertainty, risks to the outlook are predominantly to the downside.

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