Although official statistics show that an economic recovery is underway in Papua New Guinea, the country's new Prime Minister has stated that the economy is “bleeding and struggling.” Disappointing 2019 first‐half‐year revenue results and the reintensification of foreign exchange shortages suggest that last year's (nonresource) recovery, which was based on unsustainable fiscal expansion, has not endured; that this year's growth statistics may need to be further revised downwards; and that the government's growth and fiscal challenges are once again intensifying. The new government's governance reforms are promising; but they are no substitute for reviewing exchange rate and fiscal policy, perhaps by turning to the International Monetary Fund for advice and support to address the problems it has inherited, including in relation to arrears, guarantees, and state‐owned enterprise debt.

中文翻译：

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2019年巴布亚新几内亚经济调查

尽管官方统计数据显示巴布亚新几内亚正在恢复经济，但该国新任总理已表示经济正在“流血和挣扎”。令人失望的2019年上半年收入结果以及外汇短缺的加剧表明，去年（非资源）的复苏是基于不可持续的财政扩张而进行的; 今年的增长统计数据可能需要进一步下调；而且政府的增长和财政挑战再次加剧。新政府的治理改革很有希望；但是它们不能代替审查汇率和财政政策，也许可以向国际货币基金组织寻求建议和支持，以解决其所继承的问题，