29
WEDNESDAY, MAY 24, 1989
TO
THE LATEST PRICE INDICATORS DO NOT SUGGEST THAT THERE IS A NEED CHANGE THE FORECAST RATES OF INCREASE IN THE CONSUMER PRICE INDEX (A), AT 8.5 PER CENT, AND THE GDP DEFLATOR, AT 9 PER CENT.
ON THE GDP DEFLATOR, MARGINAL REDUCTIONS IN THE FORECAST RATES OF INCREASE IN THE DEFLATORS FOR BUILDING AND CONSTRUCTION EXPENDITURE AND FOR PLANT AND EQUIPMENT EXPENDITURE SEEM LIKELY TO BE OFFSET BY MARGINAL RISES IN THE FORECAST RATES OF INCREASE IN THE DEFLATORS FOR EXPORTS AND FOR GOVERNMENT CONSUMPTION EXPENDITURE.
THE FIRST QUARTER ECONOMIC REPORT 1989 WILL BE ON SALE ON 25 MAY 1989 AT THE GOVERNMENT PUBLICATIONS CENTRE IN CONNAUGHT CENTRAL, AT $19 A COPY.
PLACE.
FORECAST
FOR 1989 RELEASED WITH THE BUDGET
UPDATED FORECAST
(%)
(X)
GROWTH RATE IN REAL TERMS OF :
PRIVATE CONSUMPTION EXPENDITURE GOVERNMENT CONSUMPTION EXPENDITURE
7
7
4.6
4
.6
GROSS DOMESTIC FIXED CAPITAL FORMATION
TRANSFER COSTS OF LAND AND BUILDINGS BUILDING AND CONSTRUCTION
PRIVATE
PUBLIC
REAL ESTATE DEVELOPERS' MARGIN
PLANT, MACHINERY AND EQUIPMENT
PRIVATE
PUBLIC
TOTAL EXPORTS OF GOODS
DOMESTIC EXPORTS
RE-EXPORTS
6
6
5
5
3.3
2
6
6
8
B
8
8
11
11
15.2
12.6
7
6
22
18
IMPORTS OF GOODS
15.5
13
EXPORTS LESS IMPORTS OF SERVICES
14
14
GROSS DOMESTIC PRODUCT (GDP)
6
6
PER CAPITA GDP
4.8
4.8
GROWTH RATE IN MONEY TERMS OF :
CDP
15.6
15.6
PER CAPITA GDP
14.3
14.3
RATE OF INCREASE IN :
GDP DEFLATOR
DOMESTIC DEMAND DEFLATOR CONSUMER PRICE INDEX (A)
9
9
8.5
8.5
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