Despite February’s decline in export volumes, earlier gains mean that exports in Q1 asa whole grew quite strongly, easily outpacing imports. Net exports likely contributedas much as 3 percentage points to GDP growth. While domestic demand probablyremained weak, it now looks likely that the economy grew by close to 3.5%annualised, enough to keep the central bank side-lined on interest rates for now.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services