The Director-General indicated that the economy is expected to grow by 2.3 per cent this year rising to 3.2 per cent in 2011. Better inflation outcomes in line with the target range are expected. Global demand and trade volumes are picking up and more stable employment and sectoral growth outcomes are also expected. The current account deficit has moderated and is expected to be at 4.9 per cent of Gross Domestic Product (GDP) in 2010 compared to 7.1 per cent in 2008.