Consumers will bring forward purchases because of the VAT increase, but it's a flash in the pan. It won't last into 2007. |
Consumption should increase next year and contribute to growth. |
Consumption should increase next year and contribute to growth. The economy is picking up and consumers will bring forward purchases because of the value-added tax increase in 2007. |
We think we've seen the peak in import prices. Even if energy prices stay around current levels, inflation should start to fall. |