Publication: Bhutan Development Update, April 2015
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2015-04
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2015-06-25
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Growth rebounded in 2014 along with the lift of restrictions over credit and imports, tourism expansion, and the resumption of hydropower investment. Bhutan’s significant dissaving is illustrated by a large current account deficit. Priority will have to be given to private sector development and asset diversification if Bhutan wants to reduce its vulnerability to donor finance and address rising youth unemployment.
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“World Bank Group. 2015. Bhutan Development Update, April 2015. Bhutan development update;. © World Bank. http://hdl.handle.net/10986/22070 License: CC BY 3.0 IGO.”
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Where possible, policymakers have responded quickly with expansionary monetary and fiscal policies, including fiscal stimulus packages, although in most cases these measures will only mitigate, not overcome, the contraction forces operating on their economies.Publication Lebanon Economic Monitor, Spring 2015(Washington, DC, 2015-04-20)The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy on the outlook for Lebanon. Lebanon continues to be impacted by the domestic political stalemate and regional turmoil, particularly along its border with Syria. Economic activity picked up in the second half of 2014. 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