SEMC: Yemeni Economy Relatively Better and Inflation 22% up
Studies & Economic Media Center revealed that the average rise in commodity prices (inflation) amounted to 22% during the past year of 2016, compared to 30% during 2015.
The center confirmed in the report of Yemen’s economy indicators in 2016, which was launched at a news conference held by the Center in the interim capital of Aden, that the Yemen economy improved relatively in 2016 compared to the previous year. This was attributed to returning the stability to some cities, particularly the liberated cities, to improvement of the goods and services delivery and declining the bottlenecks of oil derivatives. However, the ratio of the deficit in the gross domestic product remained negative by 10% to 15% according to the Center’s estimates and many economic sectors are still completely or partially paralyzed
COMMENTS