At the same time, the current account deficit was reduced further in 2016 to 4.0% of GDP and was fully covered by foreign direct investment, which is likely to continue in the coming period. This is helpful for strengthening the country’s external position, thereby increasing our resilience to external shocks.
Recent  -2indicators suggest that real gross domestic product growth has picked up this quarter, with consumption spending remaining strong. In contrast, growth in business fixed investment appears to be slowing, and activity in the housing sector looks to be softening, in part reflecting higher mortgage rates.