Finance Ministry Expects GDP Growth to Fall to 1.8% in 2023
The Finance Ministry's macroeconomic forecast for the 2023-2025 forecast period expects gross domestic product (GDP) growth to fall to 1.8% in 2023, driven by consumption, exports and inventory change. In 2024, GDP growth will accelerate to 3.3%, although it is expected to be 3.2% in 2025.