Equatorial Guinea is in urgent need for a new development model to create new drivers of growth and jobs. Declining oil revenues, combined with past shortfalls in diversifying the economy, have resulted in a prolonged recession, reversed economic gains, and jeopardized social. . This is the third edition of the Economic Update for Equatorial Guinea. This World Bank report presents recent economic developments in Equatorial Guinea as well as the medium-term economic outlook and risks as well as structural challenges (Chapter 1), followed by a detailed exploration of a. . The economy went into recession in 2023, with real GDP contracting 5. 7% in 2022, due to oil contracting to 12. Demand-side drivers were slowed by a 26. 5% in 2022, due to government. . How does 6W market outlook report help businesses in making decisions? 6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. Under the agreement, national oil company GEPetrol will increase its stake in the. . Equatorial Guinea's economy grew by an estimated 0. Equatorial Guinea's produced capital increased between 1995 and 2020, mainly due to high investment in. . 1 trillion cubic feet ofproven natural gas reserves. 2 million cubicmetres in 2015, to 7.
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