Sudden shifts in risk sentiment and exodus to safe assets render financial markets shaken and stirred as investors struggle to re-assess this violent turn in the wind. Already snarled by supply bottlenecks, persistent high inflation and tightening financial conditions, the global economy is being dragged to the edge of a precipice.
We have registered 72 consecutive quarters of uninterrupted GDP growth, propelled by broad-based economic drivers, well-managed inflation environment, sound external sector dynamics, and a stable banking system. Headline inflation of 1.8 percent for 2016 reflected the prevailing manageable environment of low and stable prices.