However, the major reasons for this performance were the decline in the economy particularly in investment and the credit ceiling which has slowed down credit considerably. We still need to do a whole lot more to get our exports increasing at a respectable rate. But unfortunately we are still not doing enough at this time on this important front.
Our balance of payments will continue to come under pressure. Time is clearly not on our side. We must move immediately. BIS Review 20/2008  3  In 2008, the economy is expected to grow by 2.2 percent. But that was before Cyclone Gene. We are still evaluating the impact of the cyclone and flooding on the economy.