Judging from the most recent data, growth in domestic spending appears consistent with growth in real gross domestic product (GDP) in the range of 4-1/2 to 5 percent for the first quarter and at a rate of 4 percent or higher for 2004 as a whole.
It is now my singular honour to declare this course officially open, and I wish you fruitful discussions and a memorable stay in Nairobi. I thank you all for your attention. 2  BIS central bankers’ speeches