Recent Economic Developments, 115

19/11/2006
All Press Releases In Subject:
The Economy and Economic Activity

Recent Economic Developments, 115

Overview:

The war in the north, the central event during the period reviewed––April to September 2006––had a considerable effect on current economic developments. The few economic indicators covering the period after the end of the war does not allow us yet to estimate with assurance the strength of the war's impact, but the existing indicators point to a positive trend in most fields. The forecast of the Research Department, published in September, indicates continued growth, though at a slightly lower rate that earlier forecasts had predicted (4.6 percent in 2006 and 4 percent in 2007, compared to 5.4 percent and 4.1 percent respectively without the war).

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