Economic Growth Forecast Revised Upward
Recent data from the Ministry of Finance indicates a stronger-than-expected recovery in the manufacturing and services sectors. This positive trend has prompted analysts to adjust their annual growth projections.
Key Points
- Annual GDP growth is now projected at 3.2%, up from the previous estimate of 2.7%.
- The technology and green energy sectors are leading the expansion.
- Unemployment rates have continued to fall for the fourth consecutive quarter.
Government officials have expressed cautious optimism, noting that while the outlook is improving, global market volatility remains a concern. New infrastructure investments are planned to sustain this momentum.
The central bank is expected to review its current monetary policy in light of these new figures at its next scheduled meeting.
