The economy has made considerable progress in shaking off the legacy of the 2001 economic crisis and is on a path of growth and increased trade integration, underpinned by improved macro- economic stability and structural reforms. During the last five years real GDP growth has been impressive, with an annual average growth rate of ; inflation fell from an average of in the 1990s to single digits between 2005 and 2007; interest rates have declined with a cautious monetary policy stance; and reductions in the ratios of fiscal deficit and public debt to GDP have created a positive environment. These.
