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03
Mar
2009
2009
MEFD January 2009
Initial data suggests that domestic economic activity remained weak during January, owing to the deepening effects of the global economic and financial crisis. The continued slowdown in tourism resulted in further job losses in the hotel industry, wh...
02
Feb
2009
2009
MEFD December 2008
During December, domestic economic developments continued to be adversely affected by the slump in global economic activity. Additional layoffs in the hotel sector pointed to significantly reduced seasonal activity and weakness in the short-tem outlo...
02
Jan
2009
2009
MEFD November 2008
Indications are that domestic economic activity continued to weaken during November, amid the deepening effects of the global economic meltdown. The outlook for tourism remained weak, hampered by uncertainty in US households' finances; and the foreig...
02
Dec
2008
2008
MEFD October 2008
Domestic economic conditions continued to weaken during the month of October, as the negative effects of the turmoil in the global financial sector became more entrenched in real sector activity. Anecdotal evidence suggest a pronounced seasonal fallo...
06
Nov
2008
2008
MEFD September 2008
Global economic and financial conditions deteriorated rapidly during September, as the US financial crisis enveloped both developed and emerging markets. These developments have adversely affected the domestic economic outlook, with further softening...
01
Oct
2008
2008
MEFD August 2008
Initial data for August highlighted continued moderation in the economic momentum, reflecting a slowdown in the expansion of consumer demand, tempered construction activity and sustained weakness in the tourism sector. Buoyed by a contraction in priv...
09
Sep
2008
2008
MEFD July 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 cond...
13
Aug
2008
2008
MEFD June 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...
07
Jul
2008
2008
MEFD May 2008
During May, domestic economic conditions remained mild, amid comparatively lower levels of construction activity, relatively steadied gains in private sector credit and persistent upward pressure in consumer prices. Given slackened real sector activi...
13
Jun
2008
2008
MEFD June 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...
12
Jun
2008
2008
MEFD April 2008
Initial data for the month of April indicated continued moderation in output growth, amid weakened construction activity and softness in consumer spending, although first quarter tourism indicators registered gains over the previous year.
02
May
2008
2008
MEFD March 2008
Preliminary indicators for the month of March suggested a continuation of a mild economic outturn, supported by relatively stable growth in consumer spending and net tourism inflows; and, as anticipated, with less contribution from foreign investment...
18
Apr
2008
2008
MEFD February 2008
Preliminary data for the month of February highlighted steady gains in consumer spending, which continued to support economic activity and together with elevated import payments for fuel, tempered growth of both external reserves and liquidity.
11
Mar
2008
2008
MEFD January 2008
Based on preliminary data for the first month of 2008, economic activity continued to be supported by a healthy level of private sector demand, although other real sector indicators suggest some levelling off in net foreign currency inflows. As a con...
14
Feb
2008
2008
MEFD December 2007
Initial data for the month of December suggest a slowing in the pace of economic activity, as signs of weakness in the tourism and construction sectors offset growth in consumer demand. Monetary developments featured an expansion in external reserves...