If fully implemented, and assuming slippages are corrected with offsetting measures, these actions could lower the fiscal deficit to 4.9 percent of GDP, and would help to restore stability to external flows. Output is projected to fall by 1.2 percent in 2014 before recovering modestly in 2015, supported by capital inflows to finance tourism and energy related projects. The debt-to-GDP ratio could level off by 2015/16 and decline slowly thereafter...... SO, BASICALLY, THE GOVERNMENT IS ON THE RIGHT TRACK AND WE SHOULD EXPECT RECOVERY IN LESS THAN 18MONTHS?
Posted on: Wed, 12 Feb 2014 18:00:33 +0000
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