Government forecaster sharply downgrades GDP

Business 13 September 2024 10:31

IMAD, the government's macroeconomic forecaster, has sharply downgraded the GDP growth forecast for this year. It expects the economy to grow at a pace of only 1.5%, down from its spring forecast of 2.4%. For next year it reduced the forecast by just 0.1 points, to 2.4%, CE Report quotes STA.

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Government forecaster sharply downgrades GDP

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