Democratic Republic (IMF)

Democratic republic of Timor-Leste published by IMF (10/2013). “The economy is very dependent on natural resources. Government spending, funded by oil exports, has driven rapid non-oil GDP growth but with high inflation, a loss of competitiveness, and weak employment generation. The political situation is relatively stable with elections in 2012 and the long-term UN presence has ended but fragilities persist as poverty remains high…”

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