Based on the data on November 1st, 2015, the available water level was recorded at 4,247 million cubic meters, closed to the level in 2015 which caused rice farmers to postpone their off-season rice production in the crop year 2016. Under this condition, it is likely that the agricultural output and household income will further decline from 2015 and thus will become a limitation to the economic growth. Macroeconomic Strategy and Planning Office November 16, 2015 Economic Outlook NESDB 31 Key assumption for 2016 economic projection 1) World economy and world trade volumes in 2016 are projected to grow by 3.4 and 3.8 percent, respectively, accelerating from 3.0 and 3.3 percent in the preceding year.
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