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Growth is estimated to have recovered to 2.1 percent in 2018, supported by rising non-hydrocarbon activity and higher oil output. However, the December 2018 OPEC agreement to cut oil production will dampen this recovery in 2019, as growth is projected to slow to 1.2 percent. While narrowing, fiscal and current account deficits remain high, and debt ratios continue to worsen. The main risks to the economic outlook arise from a delay in fiscal adjustment...
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