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MEFD September 2015

Published: Tuesday November 10th, 2015

Preliminary indications are that the domestic economy sustained its mild growth path during the month of September, based on modest gains in tourism output, and on-going foreign investment-led projects which supported construction activity. Amid the downward trajectory in global oil prices, domestic fuel costs continued to moderate over the review period. Monetary sector developments were dominated by the seasonal firming in foreign currency demand, which contributed to declines in both bank liquidity and external reserves.

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