Economy & Business - August 2011 (ISSN 1741-7430)

The government and international organisations fear that the economy will slow down again this year. The IMF has cuts its forecast for GDP growth this year to 2%, rather than the 2.5% it expected at the beginning of 2011.

The main reason for the cut is the effect of slower growth of the US economy. The US is the country’s main trade partner and the main source of remittances.

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