Wednesday, September 23, 2009

SL's economic developments stronger than expected - IMF

Recent economic developments have been stronger than expected. Economic growth is now projected at 3½ percent in 2009 relative to 3 percent at the time of program approval. Inflation remains subdued and is expected to remain in the single digits in 2009. Exports have showed signs of recovery in recent months. Import growth, which has thus far remained sluggish, is expected to pick up in the second half of this year as economic activity increases, said The International Monetary Fund (IMF) in its First Review of the IMF Stand-By-Arrangement.
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