The MOF expects the country’s real GDP to ease to a range of 5.0-6.0% in 2011, from +7.0% estimated for 2010. This is mainly on account of slowing export growth, but supported by resilient consumer spending. The MOF’s outlook projection is broadly in line with our expectation, as we expect the economy to moderate to +5.0% in 2011, from +7.3% estimated for 2010.
Economic Update : Ministry Of Finance Economic Report 2010/2011 – Continuing Fiscal Consolidation, No Major...
No comments:
Post a Comment