“Thus the new language of speculative attacks, multiple equilibria and moral hazard is in many ways simply a new overlay on an old debate. And yet, a genuinely new element has recently been thrown into the mix. This is the proposition that countries are - or should be - moving to the corner solutions.
In the first quarter of 2008, GDP grew by 5.2 percent, led by the strong performance of services on the production side, and by consumption spending, on the expenditure side. The strong growth of net factor income from abroad (NFIA) pushed GNP to grow by 7.3 percent.