It is essential to achieve this balance between the measured audacity of today’s nonconventional decisions and the credible determination to ensure a path that is sustainable in the medium and long term. Exaggerated swings without perspective would delay the return of sustainable prosperity, because they would undermine confidence, which is the most precious ingredient in the present circumstances.
•  Exports expected to pick up although imports remain strong: trade deficit remains a concern. •  Monetary conditions conducive for growth but will remain tight. •  Inflation is high – downside risks remain high. •  Foreign reserves stable but need to manage carefully.