Macroeconomic Forecast Gabon

We are expecting to see upturn in domestic price pressures in 2010, with year-end inflation projected at 3.7%. This follows a year of a rapid disinflation as a result of the downward price pressures in the euroland economies. Indeed, average price growth in 2009 came in at just 0.5% y-o-y compared to a historical average of 2.3%. However, with the euro now substantially weaker against the US dollar, we expect consumer prices in Gabon to begin picking up again.

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