We anticipate a strong GDP growth in 2017 with associated drive for imports; it is believed that on-going developments will help keep the currency within our forecasted bandwidth.
However, key risks to our forecast remain; the rise in the US federal fund rate, which could trigger portfolio flows into safety US bonds and failure of OPEC members to uphold the 1.3million oil cut deal. Also, production constraints in the upstream oil and gas sector can affect our outlook.
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