IMF: 皇冠体育app's economy to grow at 6.5%
皇冠体育app Daily | Updated: 2009-04-23 07:43
WASHINGTON: The International Monetary Fund (IMF) said yesterday that 皇冠体育app's economic growth is projected to slow to about 6.5 percent this year, half the 13 percent growth in 2007 but still a strong performance given the global context.
Two factors are helping sustain the momentum of 皇冠体育app's economy "despite the collapse in exports," said the IMF in its latest World Economic Outlook report.
"First, the export sector is a smaller share of the economy, particularly after factoring in its high import content," the IMF said.
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