Another Current Account Shortfall In 2012

BMI View We have revised down our current account forecasts for 2011 to a deficit of 0.4% of GDP from a surplus of 0.2% previously, and for 2012 to a deficit of 0.3% from -0.1% previously, on the back of a slowdown in export demand. That said, we still hold a positive outlook for foreign investment in infrastructure projects.

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