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Key indicators of economic activity trended higher for the latest week, but remained below levels seen earlier in the month; reflecting the challenging environment for growth in gross domestic product (GDP) referred to by a central bank committee earlier in the month.
“Both private investment and exports are likely to be subdued, especially as external demand is still anaemic. Taking into consideration the above factors and the uncertain Covid-19 trajectory, real GDP growth in 2020-21 is expected to be negative...with risks tilted to the downside,” said the minutes of the monetary policy committee meeting which was held between October 7
