Better data results early in the year and some policy mishaps

Mostly better economic data results in the first five weeks of the year have given a positive signal that the much needed macroeconomic adjustments are going thus far on the right track. We have seen a trend of measured slowdown in the economic growth to 5.78 percent year-over-year (yoy) in 2013 from 6.26 percent yoy in 2012, which is important to reduce deficit pressures on the curre