MEFD August 2015
Published: Wednesday September 30th, 2015
Preliminary performance indicators suggest that the economy maintained its mildly positive growth momentum during the review period, supported by the healthy performance of the long-stay segment of the tourist sector, alongside several varied-scale foreign direct investment projects, which braced construction activity. On the prices front, although domestic inflation firmed over the past twelve months, the level remained mild, due in part to the pass-through effects of lower global oil prices. In the monetary sector, broad liquidity improved; however, external reserves fell slightly, due to the seasonal hike in foreign currency demand.
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