MEFD June 2008

Published: Friday June 13th, 2008

Preliminary indicators for the month of June suggest a mild pace of economic growth, amid relatively moderate levels of foreign investment led construction activity, stable consumer spending and weakened tourism activity. Over the first six months of the year, higher international energy and food costs continued to adversely impact domestic price levels, and the slowdown in global economic activity, associated in part with the US mortgage and financial market crises, resulted in a scaling down of domestic economic prospects.

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