Domestic Boost

September 2005 | Economic Outlook

The economy is unlikely to reach the government's targeted 8.5% growth rate in 2005, after first half growth of 7.6%. BMI View: Our forecast 7.4% expansion this year, underpinned by a rise in consumer spending, is still impressive though. A revival in the external sector following expected membership of the WTO in 2006, should sustain growth rates over our forecast

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