CB revises down growth for 2010
Quarterly National Accounts data point to a decrease in GDP, in seasonally
adjusted terms, of 1.2 per cent during the second quarter of this year,
following an increase of 2.2 per cent in the first quarter. For 2010 as a
whole, GDP is forecast to increase in real terms by 0.2 per cent. GNP,
however, is expected to decline by about 1.7 per cent. The prospects are
for growth in GDP terms of about 2.4 per cent next year with GNP
increasing by about 1.7 per cent.