MEFD April 2010
Published: Monday June 7th, 2010
Against the backdrop of signs of a slowdown in the pace of the global recovery, domestic economic activity continued to stabilize over the review month. Partial tourism performance data suggest an improvement in output; however, persistent softness in private sector demand constrained economic activity and negatively affected Government’s revenues, to cause a further deterioration in the overall deficit over the nine months of FY2009/10. With credit conditions remaining weak, monetary developments featured sustained growth in both bank liquidity and external reserves.
For full text reading, please download attached document.