Pide Economy Watch July 2014 December 2014

The Short-Term Macroeconomic Scenario Looks Apparently Fine. Driven By Low Oil Prices, Inflation Is At All Times Low And The Current Account Deficit Is In Check Despite The Blip In Exports. With Current Level Of Oil Prices, Foreign Reserves Seem Enough To Cover 3 Month Of Imports And The Exchange Rate Is Stable. The Fiscal Deficit Is Also Low And Within The Limit Prescribed By The Imf.