The outlook remains positive in the short to medium-term. The economy is projected to grow at 6.8 percent in 2013/14 and rising further to 6.9 percent in the medium-term. Continued strong growth will be on account of a continued increase in gas production, increased trade, and stronger performance in agriculture. Gas production is expected to increase significantly with new fields coming on stream in 2013/14. Further, opportunities for increased exports recently improved with the reinstatement of trade preferences to Myanmar under the EU's Generalized System for Preferences (GSP) for least-developed countries which will give Myanmar duty and quota free access to the EU market for all its exports, except arms and ammunition. However, downside risks also exist. In particular, one challenge could be maintaining the current momentum of reforms. Externally, risks include a continued decline in global commodity prices which would hurt commondity exporting countries such as Myanmar, and a slow-down of investment in China.