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 four percent and not five as it was earlier assumed.