"Higher wages may push inflation"

Sunday, 08 March 2015 - 20:21

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An IMF staff mission commended the measures taken by the Government to create a conducive environment for economic growth, good governance and transparency.

It stated that real GDP growth is estimated at 7.4 percent for 2014, and will continue in the relatively robust range of 6 to 7 percent in 2015, and Inflation will remain in the low single digit range.

Reports also indicate that the external current account has improved in 2014, and will strengthen further in 2015, given lower oil prices and further growth in exports, service trade and inward remittances.