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The main contribution to the GDP comes from the export side followed by the business investments while the government consumption and consumer spending are low. Exports and business investments showed a robust growth trend which is likely to continue. Investment in particular has been favoured by the nearly zero interest rate. Government spending has been stifled by a gross debt standing at 147% of the GDP. Consumer spending has been weak owing to a higher saving rate amongst the older population and lower income levels amongst the younger generation (Appendix 1).
Inflation for the past year continued to maintain a low trend and was nearly zero (Appendix 2)...
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