The economic expansion also gains impetus from export performance which is estimated to improve in line with improved commodity price. For 2013, total exports are estimated to grow by 5.4%–5.8%. 115. With solid growth centres, we believe that the national economy’s momentum can still be maintained and even be enhanced.
Set against this are some risks to the upside, stemming mainly from the fiscal expansion in the United States and, more in the medium term, from likely fiscal expansions in several countries in the euro area. We will continue to monitor these developments closely.