MEFD April 2016

Published: Friday May 27th, 2016

Initial evidence suggests that domestic economic activity remained subdued during the review period, reflecting the weakness in tourism output, while construction sector developments continued to be underpinned by tourism-related foreign investment projects. Domestic energy costs remained below the previous year’s level, reflecting the downward trend in international oil prices. In the monetary sector, both bank liquidity and external reserves firmed in April, due mainly to net foreign currency inflows from real sector activities.

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