Shift to consumption-driven growth in 2014, to continue in 2015. Monetary policy easing on the back of rapid disinflation.
Exchange rate remains resilient. Banking system is improving but remains vulnerable. Fiscal consolidation continues but tail risks remain.
Current account deficit to remain small. External debt burden remains high. Foreign exchange reserves stagnate and do not cover all external debt falling due in the next 12 months.
Exchange rate remains resilient. Banking system is improving but remains vulnerable. Fiscal consolidation continues but tail risks remain.
Current account deficit to remain small. External debt burden remains high. Foreign exchange reserves stagnate and do not cover all external debt falling due in the next 12 months.