Oxford Economic Country Briefings, February 13th, 2008
Highlights and Key Issues * Weak coffee production resulted in GDP growth slowing to an estimated 3.6% in 2007. Political tensions during the year, which resulted in structural reforms being delayed, also contributed to lower growth. Activity is expected to pick up this year as coffee output recovers - growth is forecast to average 6% for the year as a whole and should remain solid over the next few years. * Despite a fall in exports, the current account balance is expected to have remained at around 33% of GDP in 2007 as import growth decelerated and net transfers increased. As coffee produ...
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