MEFD September 2013
Published: Wednesday November 6th, 2013
Reflecting ongoing weakness in the key tourism sector, domestic economic conditions remained relatively flat, although with sustained positive contributions from foreign investment-led construction projects. In this context, employment conditions remained challenging, while softness in international oil prices tempered domestic consumer price inflation over the twelve months to September. In the monetary sector, both bank liquidity and external reserves contracted during the review month, partly reflecting the seasonal increase in foreign currency demand in the latter half of the year.
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