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* Although the prospects for export growth have worsened, the trade surplus may end up higher than previously expected due to the sharp fall in imports growth, which is partly linked to the decline in oil and other commodity prices.
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Copyright Oxford Economic Forecasting Sep 29, 2008
Highlights and Key Issues
* There has been good news from China in terms of the further decline in inflation (to under 5% in August) and the first cut in interest rates, with more cuts expected soon. Unfortunately, although consumers will clearly benefit, and retail sales figures point to growth remaining strong, both exports and investment are set to weaken...
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