Monthly October 2011 - Trade deficit improves but inflation remains and NPL concerns grow
  • 2011-11-02T00:00:00
  • Strategy
Though the month was froth with mixed signals, we feel we got out of October generally unscathed. There were of course some positive news from the economy as the trade deficit shrunk and inflation slowed, but the credit fraud scandal that is unfolding, the shrinking deposits, the tension on the foreign exchange rate and the growing NPLs have increased the overall risks of doing business and hurt investors’ confidence.