6
ON
FRIDAY, AUGUST 25, 1989
HAVING
CONSIDERED
FROM
NINE
IT WAS DEVELOPMENTS, REGARD TO THESE APPROPRIATE TO RAISE THE FORECAST RATE OF INCREASE IN THE CPI(A) PER CENT TO 9.5 PER CENT, AND THAT IN THE GDP DEFLATOR FROM PER CENT TO 9.5%.
8
FASTER
INCREASES
WERE
OF THE VARIOUS COMPONENT DEFLATORS, FORECAST FOR THOSE ON PRIVATE CONSUMPTION EXPENDITURE AND RE-EXPORTS,
ON
AND CONSTRUCTION BUILDING INCREASES FOR THOSE AGAINST SLOWER EXPENDITURE, PLANT AND EQUIPMENT EXPENDITURE, AND RETAINED IMPORTS.
DETAILS OF THE UPDATED FORECAST ARE SHOWN
IN THE ATTACHED
TABLE.
THE HALF-YEARLY ECONOMIC REPORT 1989 WILL BE ON SALE ON TUESDAY GPO BUILDING. ( AUGUST 29) AT THE GOVERNMENT PUBLICATIONS CONNAUGHT PLACE, CENTRAL, AT $20 A COPY.
CENTRE,
FORECAST FOR 1989 RELEASED WITH THE BUDGET
(AS AT 1.3.89)
UPDATED FORECAST
(AS AT 25.8.89)
(%)
(%)
GROWTH RATE IN REAL TERMS OF :
PRIVATE CONSUMPTION EXPENDITURE GOVERNMENT CONSUMPTION EXPENDITURE GROSS DOMESTIC FIXED CAPITAL FORMATION TRANSFER COSTS OF LAND AND BUILDINGS BUILDING AND CONSTRUCTION
7
5.5
4.6
6
5.8
4.6
5
5
3
3.4
PRIVATE PUBLIC
2
1.5
5
7
REAL ESTATE DEVELOPERS' MARGIN
6
0
PLANT, MACHINERY AND EQUIPMENT
8
8
PRIVATE
8
7
PUBLIC
TOTAL EXPORTS OF GOODS
DOMESTIC EXPORTS
RE-EXPORTS
IMPORTS OF GOODS
11
40
15.2
11.9
7
4.5
22
18
15.5
12.3
EXPORTS OF SERVICES
11
7
IMPORTS OF SERVICES
10
5
GROSS DOMESTIC PRODUCT (GDP)
6
5
PER CAPITA GDP
4.8
3.8
/GROWTH RATE
No comments yet.
Private notes are available after approval.