Briefing Paper

BIDPA Briefing 3rd Quarter 2000

Various indicators show that the rate of growth of GDP is slowing down: greater competition for construction contracts, together with a slowdown in rents and property prices; a slower rate of increase of
electricity consumption and of notes in circulation; and a slowdown in the rate of increase of commercial bank lending. The slowdown is probably in response to a reduced rate of growth of government spending. The following subjects are analyzed in this Briefing: Growth of non-mining GDP, Commercial bank lending and International Financial Services Centre (IFSC).