The Comoros is set to register economic growth in 2002-2003 of 3 percent, while year-on-year inflation is set to decline. The Economist Intelligence Unit (EIU) reported in its latest country briefing that the economic outlook for the Comoros is "not entirely gloomy". "There has been some resumption of economic activity following the lifting of an embargo imposed by the Organisation of African Unity. Thus, after a long period of low or negative growth, the IMF [International Monetary Fund] is predicting a modest resumption of real GDP [gross domestic product] growth in 2002-2003, reaching 3 percent, while year-on-year inflation is projected to decline from 3.5 percent at the end of 2001 to 3 percent at the end of 2003 ... "Prospects for the price of vanilla - one of the country's main exports - have improved because of concern about the security of supplies from Madagascar (deemed politically unstable in the wake of the controversial presidential elections that took place there in December 2001), and the services balance is expected to follow the improving trend of recent years, as tourism receipts increase," the EIU said.
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