The political stability should encompass adequate security to foster the requisite environment under which business and commercial activities can thrive. 16. Another important lesson from the Asian Tigers is the systematic and coordinated policy intervention by the government to steer the economy to the right path.
These and other specific actions have contributed positively to expectations about economic growth despite the uncertainty on the global economic prospects. Declining commodity prices have contributed to easing of headline inflation since mid 2011, reaching 6.20 percent by the end of the year, slightly above the top limit of the Monetary Board’s target of 5.0 percent plus minus 1 percentage point.