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4% in 2011 and 2012 respectively, though it cautions that appreciatory pressures on the shekel pose downside risks to growth forecasts.
Research and Markets: An Israel Defence and Security Report for Q3 2011 - The Recent Growth of the Economy Leads to Growing Spending on Defence
We remain largely neutral on the Malaysian ringgit against the US dollar with a slight appreciatory bias over the coming years.
Malaysia Country Risk Report Q4 2015 - New Study Released
ClickPress, Mon Aug 26 2013] We expect further appreciatory pressure on the Thai baht, which will negatively impact the country's exports over the course of the current year.
Thailand Food & Drink Report Q3 2013 - New Market Research Report
The report believes that on balance the fundamentals for the Russian rouble remain appreciatory and the research looks for the unit to reach or get near to RUB32.
Research and Markets: Russia Tourism Report Q3 2011 - In Early 2011, Rezidor Hotel Group Announced Two New Park Inn by Radisson Properties, As Part of a Strategic Development Agreement
Downside Risks To Real Growth Forecasts: A hard landing in the Chinese economy would weigh heavily on global trade volumes, and spur further appreciatory pressure on the Swiss franc, thereby eroding export competitiveness further.
New Report Available: Switzerland Country Risk Report Q4 2015
While we had become increasingly bearish on the unit heading into the year due to unexplained and somewhat erratic policy decisions from the central bank, the explosion in violent demonstrations which eventually led to the resignation of former president Hosni Mubarak has cemented our view that appreciatory pressures on the currency will be minimal this year.
Research and Markets: Egypt Business Forecast Report Q2 2011
Following the Philippine peso's recent sell-off as a result of strong hot money outflows following a bout of global risk aversion, we note that appreciatory and depreciatory forces on the currency are relatively in balance.
Philippines Business Forecast Report Q1 2014 - New Market Report
During the summer tourism season, we also expect appreciatory pressures on the Croatian kuna to pick up.
Research and Markets: Croatia Airlines Launched a Direct, Three Times a Week Service between Zagreb and the Greek Capital Athens in June 2010 Says Latest Q4 2010
The Swiss National Bank has set a limit on the Swiss franc's value versus the euro in the face of substantial appreciatory pressures resulting from the eurozone sovereign debt crisis.
Switzerland Business Forecast Report Q4 2013: New research report available at Fast Market Research
Additionally, although the seasonal dynamics that framed the Croatian kuna in previous years will remain a dominant feature over the forecast period, the author believes that much of the medium-term appreciatory pressure on the kuna has been alleviated.
Research and Markets: Croatia Tourism Report Q2 2010 - Dubrovnik Airport Recorded A Fall in Numbers of Nearly 6% Y-O-Y to 1.12mn Passengers

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