The country is enjoying Goldilocks conditions, with strong growth, low inflation and no notable fiscal problems to concern investors, but with elections this year, and credit risk heightened, the goods times might not last.

The elections will deliver a new government, but the old challenges remain.

Investor risk is heightened by the general election on July 1 and analysts fear it could see structural reforms undermined, weighing on economic growth potential.

Several of the region’s emerging markets (EMs) were upgraded by analysts in 2017, and with economic growth predictions now being raised, 2018 could provide more of the same.