MEFD February 2010
Published: Thursday April 8th, 2010
Amid the incipient global recovery underway, domestic economic indicators showed tentative signs of stabilisation during February. Initial tourism sector statistics suggested a slightly positive outcome for the key stopover segment of the market, following the sharp downturn of a year earlier; and inflation pressures moderated further. On the monetary front, both liquidity and external reserves registered growth; however, the persistent weakness in private sector demand resulted in continued erosion in Government’s fiscal performance for FY2009/10.
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