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Central bank says GDP gets downward revision, gov’t projects 2.9% growth and 7.1% inflation

The National Bank has revised downwards its spring projections. It forecasts lower economic growth, which according to basic scenario, would stand at 2.3 percent this year, i.e. 2.6 percent next year. On the other hand, according to a second scenario, growth would reach around two percent this year, and up to 1.8 percent the next. At the same time, debate on the 2023 draft budget started on Wednesday. Under the 2023 budget the government highlights maintenance of economic growth at a level of 2.9 percent.

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