Oxford Economic Country Briefings, March 15th, 2007
Highlights and Key Issues * Official projections of 3.5% growth this year are supported by strong agricultural exports, while the IMF now estimates growth at 4% in 2006 and expects a similar rate this year. But tight fiscal policy, which will be retained after last year's 2.5-7.5% inflation target was overshot by a sizeable margin, will subdue investment in 2007-08 and may constrain overall GDP growth. * Export growth should contain the current account deficit after last year's energy-driven jump to over 3% of GDP. But external debt continues to rise despite budgetary restraint, and March's ...
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