• Statistical Series
• 22. March 2021
• Vol 106, Issue 3
• ISSN: 1670-4770



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GDP contracted by 6.6% in 2020 according to updated national accounts figures. Private consumption declined by 3.3%, investment by 6.8% while public consumption grew by 3.1%. Economic growth is expected to be 2.6% this year. The growth will be stronger next year, with GDP increasing by 4.8%. The economy is expected to grow by 3.8% in 2023 and 2.4% on average 2024-2026. Private consumption is expected to increase by 2.3% this year, 4.1% in 2022 and 3.5% 2023.