Demand Side Assumptions Clause Samples

Demand Side Assumptions.  Annual inflation is expected to average 6.3 percent in 2012 and around 6 percent over the 2013-2016 period.  The total population is projected to grow at 1.9 percent per annum as per the 2001- 2031 population projections report.  The growth in private consumption is expected to continue due to low interest rates and moderate domestic growth, thus increasing the availability of credit.  After several years of significant growth in spending, growth in Government consumption is expected to moderate and stay constant in real terms over the MTEF.  Private investment is expected to increase, boosted by the opening/re-commissioning of several mines and other major projects such as the Walvis Bay port expansion.  Government investment is expected to increase over 2012-13 mainly due to the continuation of TIPEEG but is expected to moderate over 2014-16 when TIPEEG is due to come to an end.  Exports are projected to recover from 2012 due to increased domestic economic activity particularly in the mining and quarrying sector.  Imports are also expected to increase due to an increase in economic activity particularly the high private and Government investments.