The 2025 GDP growth forecast remains at 6.7 per cent, with moderation expected in the second half.
The country’s economic outlook is backed by strong integration into global trade networks through multiple free trade agreements, along with continued foreign direct investment (FDI) inflows, according to the bank. These factors continue to strengthen the country's position in global production and exports, it noted.
Key economic indicators for March point to steady performance. Retail sales growth likely eased to 6.2 per cent in the month. Export growth may have moderated to 8.2 per cent given a higher base, domestic media outlets reported citing the bank’s document.
Imports and industrial production likely grew by 6 per cent and 6.2 per cent respectively. Inflation is expected to have reached 3.4 per cent in March from 2.9 per cent earlier. If inflationary pressures persist, they may pose challenges for monetary policy, the bank noted.
The country may consider flexible monetary policies to ensure resilient financial sector and navigate potential economic fluctuations, it added.
ALCHEMPro News Desk (DS)
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