Rwanda's economic growth slowed inthe first half of 2013. Weighed by a slowdown in domesticdemand, the economy grew at a modest rate. Decelerating GDPgrowth mirrored the low growth of services and was thelowest half-year growth rate since 2010, when the domesticeconomy was hard hit by the combination of the globalfinancial crisis and a domestic credit crunch. This editionof the Rwanda Economic Update examines three key issues: 1)the cause for the economic slowdown; 2) whether the economicslowdown is temporary, or the beginning of furtherdeceleration, and the forecasted growth for 2014; and 3)policy options for the authorities.