Business Eye

Weathering the storm of Election year

Resilience because at a time all expectations are 'worst case' it somehow manages to survive and rebound. He argued the thinking all over the place was that global financial crisis would likely rip the economy apart and become an intractable shock but somehow, the initiative of 'excess crude account' came in handy to stabilize it and kept macroeconomic variables in safe ranges.

The historical pattern of engaging in spending spree at any time of oil revenue windfall was brought under fair control. Eve...

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