Friday, July 22, 2016
EU - Despite a projected decrease in EU fossil fuel production, net fuel imports will decrease and the EU's import dependency will only slowly increase over the projected period. That is mainly due to the higher share of renewable energy sources (RES) and significant energy efficiency improvements, while nuclear production remains stable. ..
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Energy & Economy
United Arab Emirates - Despite the strong fiscal policy response to adjust to lower oil prices, the fiscal balance turned to a deficit of 2.1 percent of GDP, while the current account surplus declined to 3.3 percent of GDP....IMF
NEWS Release - IMF Executive Board Concludes 2016 Article IV Consultation with the United Arab Emirates
On July 20, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation 1 with the United Arab Emirates.
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Economy
Bank equity prices are of some significance for policymakers, because if they drop in the way they did, one would assume, if this is to stay, cost of capital would increase, and therefore the net return on lending would decrease and would suggest on the banking side a more conservative lending behaviour. ..Mario Draghi - ECB
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ECB
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