12 April 2012 07:40 [Source: ICIS news]
“The risks of overheating are moderating, increasing the prospects to achieve a soft landing,” Hansson added.
The bank projects that
“The current episode of cyclical weakness shows the limits of
“While our central projection remains for a gradual slowdown, downside risks remain elevated and [will] center on the strength of the recovery in high-income countries and the ongoing adjustment in domestic property markets,” the bank said.
“The overriding policy challenge for the near term is to facilitate a soft landing. While the prospects for such an outcome remain high, there is concern is that growth slows too quickly,” it added.
Fresh economic data from
The country’s economy expanded by 8.9% year on year in the fourth quarter of 2011.
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