EXECUTIVE SUMMARY 4

MACROECONOMIC OVERVIEW 5

REAL SECTOR 7

2. Industry and Trade 8

3. Labour Market 10

FISCAL SECTOR 11

MONERARY AND FINANCIAL STATISTICS 13

Table 1 GDP data 6

Table 2 CPI data 8

Table 3 Industrial production 9

Table 4 Retail trade data 9

Table 5 Average monthlty wages 10

Table 6 Monetary statistics 12

Table 7 Banking sector indicators 14

Table 8 BoP details 17

Figure 1 CPI inflation 6

Figure 2 PPI inflation 8

Figure 4 Retail trade 10

Figure 5 Official unemployment rate 11

Figure 6 Money supply 13

Figure 7 International reserves 13