With the sustained positive developments in almost all sectors of the economy, the outlook in 2014 remains upbeat. We are optimistic that GDP growth will reach the government’s growth target of 6.5 to 7.5 percent for the year. We also expect inflation to settle within the target of 3–5 percent for 2014.
In 2015, the inflation target is lowered to 2–4 percent, which is consistent with our desired disinflation path. External sector dynamics will remain favorable, as trade is expected to rebound in light of expected global turnaround while remittances are seen to remain on a steady growth path. Let me now go to the second part of my presentation: macroeconomic issues.