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KWIC Report: Friday, 13 May 2016

PNG Macro Environment

The price assumptions in the budget remain higher than current market levels and as such, KFM maintains its view that GDP growth will be lower than the budget forecast of 4.3% largely due to the impact of decline in global commodity markets and affected key market sectors such as agriculture, energy, mining and resources. KFM believes inflation will increase over the next six months largely driven by the continued momentum of Kina against the USD.

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