|
An Overview
GDP growth will recover modestly to 5 percent in 2006 on the back of stronger export growth, notwithstanding recent developments. Growth in private consumption and in private investment will slow as the economy adjusts to higher oil prices and tightening of monetary policy. Public investment growth will also slow due to delays in mega-infrastructure-investments program, relative to the projected disbursements shown in the last Economic Monitor. However, higher growth in world trade volume this year will strengthen export growth, even as imports slow in line with total investment trends.
|