Economic Outlook


Economic Outlook - Second Quarter 2017

In this Economic Outlook:

  • Output growth continues, but the recovery is unstable.
  • Consumption is growing, pulling imports.
  • The pace of imports growth exceeds that of exports growth.
  • Monetary policies are getting expansionary.
  • The real exchange rate has hit its 5-year low.
  • Real wages grow at a low pace, but disposable incomes are still shrinking.