Oxford Economic Country Briefings, February 12th, 2008
Highlights and Key Issues
* The pace of activity remains solid, but GDP growth is expected to have slowed to 4.2% in 2007 as a result of unfavourable weather conditions leading to lower cotton exports. Growth is expected to average 4.5% this year, and should continue at a robust pace throughout the forecast period. But there are downside risks as the economy is vulnerable to external shocks, such as movements in oil and cotton prices and adverse weather conditions.
* Inflation was slightly negative in 2007 as a whole - helped by strong cereal production, but has been rising in recent months ...
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