Maldives annual report finds inflation back in check after 2011 devaluation


The Monetary Authority of the Maldives has released its Annual Economic Review for 2012, which finds that the inflationary impact of the country's currency devaluation in April 2011 is fading, with inflation falling to 5.4% at the end of the year.

2012 was a tough year for the archipelago nation, with a 0.7% contraction in the tourism industry as against a predicted expansion of 7.5%. The disappointing result is put down to the weak European economy, though the fall in European arrivals was to

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