Development Ministry lowers GDP forecast

The Ministry of Development has lowered a GDP growth forecast for 2016 from 3.8 percent to 3.5 percent and corrected a CPI inflation forecast to -0.5 percent from -0.4 percent. The whole year consumption should stand at 3.9 percent and investment will grow by 1.5 percent (correction from 4.7 percent) Industrial output will grow by…

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