MEFD July 2008

Published: Tuesday September 9th, 2008

During the month of July, softness in consumer spending and construction investments continued to restrain economic output growth, amid an environment of increasing price pressures. Money and credit trends featured stable though buoyant liquidity conditions, while increased net foreign currency inflows, mainly associated with public sector borrowing activity contributed to an improvement in external reserves.

For full text reading please download attached document.