Economic forecast, summer 2012

  • Statistical Series
  • 05. July 2012
  • Vol 97, Issue 24
  • ISSN: 1670-4665

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Economic growth reached 3.1% in 2011 and was due to increasing private consumption as well as investment. The forecast for 2012-2017 assumes that gradual economic recovery will continue with 2.8% growth in 2012. Positive growth is expected throughout the forecast period, though changes to the planned large scale industrial investments may affect the forecast. Economic growth will be driven by investment and consumption. The rate of inflation is expected to be 5.4% on average in 2012 and 3.9% in 2013.

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