Plenty of rain this year has helped crop production, especially rice and corn, after falling sharply last year because of drought.
Exports also sustained growth in manufacturing. Government spending has accelerated and will continue to be the main driver for growth next year with mega projects.
The upward interest rate trend will continue because the real interest rate is still negative.
Consumption continues to rise on higher farm incomes, rising employment and increasing consumer loans. Still, rising material costs slowed construction.
We foresee that this year should be a year of investment and high export growth, therefore we need foreign currencies to finance investment and imports of raw material, as well as capital goods.
