Monthly Economic and Financial Developments (MEFD) April 2025

Published: Monday June 2nd, 2025

Indications are that the domestic economy’s growth momentum through April slowed in comparison to the same period in the previous year, with economic indicators still normalizing closer to their expected medium-term potential. Tourism output, while at healthy levels, grew at an estimated tempered pace, as a result of the capacity constraints within the high value-added stopover segment. Monetary trends in April were marked by a decline in the narrow measure of banking sector liquidity, as the expansion in domestic credit outpaced the rise in the deposit base. Similarly, the growth in external reserves narrowed, owing to reduced net foreign currency inflows through the private sector.

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