Macroeconomic forecasts projected GDP growth of 2.7 per cent in 2012, set to rise to around 4 per cent by 2014. The International Monetary Fund (IMF) latest growth forecast is 2.6 per cent this year and 3.0 per cent next year. Inflation moderated during the course of the year and is expected to remain within the target band. Investment was supported largely by government and public corporations.