Macroeconomic Forecast Madagascar

November 2007 | Macroeconomic Forecasts

We project that the country's current account deficit will remain well in the double digits over our forecast period, with the shortfall expected to come in at 22.81% of GDP in 2008 (down from an estimated 17.8% in 2007). Although FDI inflows are likely to continue covering the deficit in 2008, it will leave the country vulnerable to shifts in investor sentiment towards emerging markets.

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