The thing to notice, however, is the big difference between the two halves of the year, with growth in the first half being at an annual rate of 2 per cent, and growth in the second half expected to be at an annual rate of around 5 per cent.
The other thing to notice is that growth of domestic demand (Gross National Expenditure - GNE) through 2003, at 5 per cent, is again expected to be well above the figure of 3½ per cent for GDP. BIS Review 56/2003  1  Over the course of 2004, we expect GDP to grow by 4 per cent.