Import Blow-Out To Bring Wider Trade Deficit

Unexpectedly strong import growth in the first two months of the year has prompted us to revise our balance of payments forecast. We now expect a trade deficit of US$5.0bn as compared to US$4.2bn previously. However, while the robust import growth suggests that the recovery in domestic demand might be stronger than expected, we await confirmation from other indicators before revising our GDP forecasts.

To read the full article, please choose one of the following options: