Low Oil Revenues Shrink South Sudan’s Economy By 1.1pc

[East African] South Sudan’s real GDP is expected to contract by a further 1.1 percent this year as a result of a drop in revenues generated from oil, which accounts for 90 percent of the country’s goods exports and more than 80 percent of total government revenue, says rating agency Fitch Solutions.

[East African] South Sudan’s real GDP is expected to contract by a further 1.1 percent this year as a result of a drop in revenues generated from oil, which accounts for 90 percent of the country’s goods exports and more than 80 percent of total government revenue, says rating agency Fitch Solutions.