Recent data from the Ministry of Finance indicates a stronger-than-expected recovery in the manufacturing and services sectors. This positive trend has prompted leading financial institutions to adjust their annual growth projections.

The revised forecast suggests a GDP increase of 2.8% for the current year, a significant rise from the previous estimate of 2.1%. Analysts point to increased consumer spending and robust export figures as the primary drivers behind this optimistic adjustment.

While the outlook is positive, some experts advise caution, noting that global market volatility and supply chain issues remain potential challenges for sustained growth in the coming months.

The central bank is scheduled to review its monetary policy next week, with many anticipating that interest rates will be held steady to support the ongoing economic expansion.