WB: While the global economy has seen recovery signs, The nation’s economic growth rate is forecast at 5.4%, 5.4% and 5.5% in 2014, 2015 and 2016 respectively, according to a report announced by WB’s Andrew Burns at a seminar with the Central Institute for Economic Management (CIEM) on Tuesday. Most other nations in Southeast Asia are expected to have higher growth rates than WB said that the global economy would grow by 3.2% this year and rise to 3.4% and 3.5% in 2015 and 2016 respectively. The figures are higher than the 2.4% in 2012. This is good news. A major part of the growth rate will be contributed by high-income countries who have recovered after many years living under adverse impacts of the financial crisis, Burns said. Concerning which foreign exchange policies The central bank has been successful in raising foreign reserves but the situation of The long-term goal is flexible forex rate management for the open economy of Meanwhile, the wrong allocation of financial resources, manpower and land remains a traditional challenge for Many experts at the seminar said that they had yet to see motivation for SGT |
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