Economic Survey 1984

The indications are that the recovery of the world economy, though gradual, will gain momentum in 1984. The debt service problems of the developing countries will continue with further activities on re-scheduling. However, commodity exports are expected to increase with an improvement in the terms of trade for the developing countries. On the domestic scene, the economy should benefit from firm coffee and export prices and improved availability of foreign exchange reserves, enabling the importation of essential material inputs for industry. The launching of the 1984 Export Year, in a context of an enlarged regional market under the auspices of the PTA, augurs well for the revival of exports.