Middle East Economic Survey

VOL. LIII

No 36

6-Sep-2010

YEMEN

World Bank Sees Yemen Needing Economic Growth Outside Hydrocarbon Sector

Yemens economic prospects depend on the hydrocarbon sector for the short term and the identification of new sources of economic growth over the medium term, says the World Bank in its Yemen Quarterly Economic Review for 2Q10. Oil production is expected to continue to decline, with the current reserves expected to run out perhaps as early as 2021 in the absence of...