Inflation rate will be stabilized and GDP will increase : IMF

BY: latheef, 17 Jul 2017

International Monetary Fund has predicted that the GDP of Maldives will increase and inflation rate will become stable.

A statement by IMF states that even though fiscal and external situation might decline. The statement says that they predict that the GDP will increase by 4.5 percent in 2017 and 2018. In addition it says that mega projects like health sector development, airport development and other large investments will improve the economy.

However it also says that there are risks involved with all the projects and those includes the increase of external debts, decline in economy of developed countries and risks related to climate change. Furthermore, the statement says that the debt of Maldives will increase due to infrastructure development and hence such projects should be conducted with caution.

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