Oil-dependent economies are vulnerable to macroeconomic fiscal instability stemming from high oil price volatility in the short – run and the exhaustibility of oil in the long – run. The workshop discussed the main challenges confronting oil-dependent economies that could stop them from achieving their long-term economic objectives.
Macroeconomic Stability and Economic Diversification in Oil-Dependent Countries
- Initiative Energy and Economic Vulnerability
- Type Workshop brief
- Date 16 October 2019
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