According to our new central projection, we expect y‐o‐y inflation to strike a downward trajectory in the second half of the year, though from a higher level than anticipated in February. It will most likely return within the target tolerance band in the second half of 2023, and then continue to slow 2  down until the end of the projection horizon.
Fifth, no country in the world can aspire to achieve sustainable improvement in the living standards of its people unless it has invested in education health, nutrition, drinking water, in other words, in human development. This is going to be even more pressing in the 21st century as the world becomes a knowledge-based economy.