Economic Update - Resilient, But Slowing Economic Growth - 12/08/2010

In line with a slowdown in exports, real GDP growth is estimated to have eased to around 8.1% yoy in the 2Q, from +10.1% in the 1Q. Indeed, the slowing growth will likely continue into the 2H of the year, on the back of a softening in external demand for the country’s exports on account of a slowdown in the global economy.

Economic Update - Resilient, But Slowing Economic Growth - 12/08/2010