Macroeconomic Forecast C/A Deficit To Worsen

January 2008 | Macroeconomic Forecasts

BMI View: Real GDP growth is expected to remain in the double-digits in 2008, coming in at 10.7% in 2008. Thereafter, we expect it to trend down gradually, falling to 7.3% by 2012. The current account deficit is a worry: we forecast the deficit hitting a nadir of 17.2% of GDP in 2009.

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