Economic Highlights - Real GDP Growth Moderated To 8.9% Yoy In The 2Q, Fullyear 2010 Estimate Raised To +7.3% - 19/08/2010

◆ The economy softened to 8.9% yoy in the 2Q, from +10.1% in the 1Q, in line with a moderation in export growth and as the exceptionally high export growth normalised. This was, however, mitigated by a pick-up in domestic demand, underpinned by the resilient consumer spending and a pick-up in private investment. In view
of the stronger-than-expected real GDP growth in 1H 2010, we have raised our forecast for the full-year of 2010 to 7.3%, from +6.8% projected previously.

Economic Highlights - Real GDP Growth Moderated To 8.9% Yoy In The 2Q, Fullyear 2010 Estimate Raised To +7....