Macroeconomic Forecast Sierra Leone

October 2007 | Macroeconomic Forecasts

BMI View: Sierra Leone's economy continues to follow a positive growth trend, although this remains largely due to the rebound from the economic devastation during the civil war. Trends are positive, with inflation continuing to decline in response to efforts to control spending and ensure a stable monetary environment. We see inflation falling to 8.4% by end-2007, before declining further to 8.0% in 2008. In addition, exports should continue to tick up into 2008, underpinning GDP growth. We expect the economy's strong rebound to begin to moderate as the effects of macroeconomic stabilisation begin to take hold, with economic growth reaching 6.3% in 2007 and 2008, down from 6.5% in 2006.

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