24/04/2024 10:50
Economy
starting to recover After
last year’s contraction of 0.2%, we expect GDP growth of 1.4% this year and an
acceleration to 2.2% next year. The recovery should be driven by renewed growth
in domestic demand, both consumption and investment. Continued increases in real
wages should help boost household spending. In contrast, industrial activity
will remain weak this year. Inflation
to remain close to central bank’s 2% target We expect headline inflation to reach 2.1% this
year and fall to 1.8% next year. While food prices should decline this year,
core and regulated price growth are likely to remain above 2%. In 2025,
monetary tightening will be fully reflected in core inflation and lower
wholesale energy prices in regulated prices.