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KFMIC Report: Thursday, 11 September 2014

PNG Macro Environment

KFM still believe that GDP growth will increase over the next six months (c.6.0% FY2014) due to high growth and impact of PNG-LNG project; whilst slow growth in consumer and business activity belies the GDP growth figures (c.1.5% FY2014). We retain our view that inflation will increase from the current 5.1% (last 12 months’) level to more like 5-6.0% over the next six months.

Click on the image below to view the full Investment Committee Report in PDF.kfmic20140930

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