It is, therefore, notable, that the earlier anticipated monetary policy normalisation (or increase of interest rates) in the advanced countries is being re-assessed and restrained with the advent of generalised weaker economic performance and heightened policy uncertainty.
14  Domestic Economic Prospects Distinguished Guests, as the Honourable Minister of Finance and Economic Development indicated in the 2019/20 Budget Speech, the domestic economy is forecast to grow by 4.2 percent in 2019, slightly lower than the estimate of 4.5 percent for 2018.