Economy To Remain Healthy In 2008

May 2008 | Economic Analysis

BMI View: Real GDP growth slowed sharply in 2007 to an estimated 5.5% of GDP from a stellar 12.0% in 2006. On the back of booming natural gas prices and an anticipated increase in energy output, we expect a slightly improved outturn in 2008 (at 5.7%). Thereafter, we expect economic expansion to cool towards a more moderate pace of 3.5% by the end of our five-year forecast period.

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