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 now predicts a growth rate of 3.2% for the current fiscal year, up from the previous estimate of 2.7%. Analysts point to increased consumer spending and a surge in exports as the primary drivers behind this optimistic adjustment.

While the outlook is positive, some experts advise caution regarding potential inflationary pressures and global market volatility. The central bank is expected to review its monetary policy in the coming weeks in response to these new figures.