Recent data from the Ministry of Finance indicates a stronger-than-expected recovery in the manufacturing and services sectors. The official growth forecast for the current fiscal year has been adjusted from 2.8% to 3.4%.

Key drivers include increased consumer spending and a surge in exports. Analysts point to new trade agreements as a significant factor contributing to this positive trend.

“The resilience of the domestic market is providing a solid foundation for sustained growth,” stated a ministry representative during a press briefing.

The report also highlights growth in the technology sector, which saw a 15% increase in investment over the last quarter. However, the document notes that inflationary pressures remain a concern for policymakers.