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Economic outlook How sustainable is economic growth? What is driving economic growth? How accurate are the relevant economic indicators? Even if reasonably accurate, are economic growth indicators misleading when it comes to local consumption, and why? If real economic growth is likely, will this mean that GDP per head will also increase? What will happen to the exchange rate and inflation rate? What is the likelihood of devaluation or depreciation and how large could it be? What are the stories and assumptions behind other economic indicators that may have an impact on operations? How independent is the local central bank and banking system? Are its policies shaped by politics rather than sound principles of monetary management? Thank you
