This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

Economic Outlook 2007 December

Towards a new balance?

Economic Outlook 2007 December

Since our last report, there have been two major trends in the economical policy arena. First, the Central Bank went to an aggressive cut in interest rates well before the expected time. Secondly, the government reduced the targeted primary consolidated government sector surplus from 6.5% of GNP to 5.5% of GNP. Considering the surplus in 2007 this report indicates that there will be a tightening of fiscal policy in 2008.

Stay connected: