Energy production rebounded to an extent – within the last two months but not strong enough to compensate for the prolonged sharp drop in output. NGC’s gas pipeline leak over the last few days, which led to the shutdown of the country’s main power provider, is expected to be resolved soon and should not have a significant impact on production.
Central Bank expects growth in the energy sector to decline by a little over 2 percent in 2014. This is the harsh reality to which we are tied in an energy- based economy.