Domestic Factors To Drive Growth In 2008

BMI View: We maintain our 2008 GDP growth target of 5.1%, despite growing indications of an export-led slowdown, as we believe that domestic demand will take over the baton as the main driver of the economy in 2008. However, we do acknowledge downside risks to this forecast as negative sentiment may spread from the business sector to consumers and may inhibit domestic consumption.

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