Oxford Economic Country Briefings, May 9th, 2007
Overview
Plans at risk from modest growth...
* Growth will pick up modestly both this year and next, but only to around 4-4.5%. and is forecast to slow in 2009- 1 1 as the government attempts to reduce a current account deficit that reached 17% of GDP last year. The fiscal deficit reduction pursued by previous administrations will have to continue, with monetary policy also kept tight to contain inflation that peaked at 10% last year. But exports will continue to outgrow GDP. and imports, as farms and some manufacturers exploit cost advantages in CAFTA. while debt relief under the Multilater...
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