• 29. February 2016
• Vol 101, Issue 3
• ISSN: 1670-4770



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Economic growth is estimated to have been 4.2% during 2015 and the forecast calls for growth of 4% in 2016, 3.1% in 2017 and nearly 3% per annum during 2018 – 2021. Domestic demand is growing considerably faster than GDP in the first years of the forecast period, reflecting very strong consumption and investment growth. Private consumption, driven by sharply increasing disposable income, is predicted to increase by 5.2% in 2016, 4.2% in 2017, 3.2% in 2018 and nearly 3% during 2019 – 2021. Public consumption growth is expected to be a modest 1.2 – 1.6% per year for the forecast period.