The real GDP growth will decelerate to 1.4% in 2008 as both domestic and external demand tumbled. For 2009 the real GDP is forecasted to decline by 6.2%.
The MEFU includes the IER’s forecast of the GDP and its components, disposable income and unemployment rate, fiscal indicators, balance of payments, inflation, exchange rate for current and next years. There are 12 issues per year. Quarterly issues (published in January, April, July and October) present new and revised estimates, while monthly issues focus more on recent trends and define the direction of possible forecast revision in the quarterly issue.
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The real GDP growth will decelerate to 1.4% in 2008 as both domestic and external demand tumbled. For 2009 the real GDP is forecasted to decline by 6.2%.
The real GDP growth in 2008 is estimated to decelerate to 3.5% compared to mid-year growth rates due to decline in industry.
The real GDP growth is estimated at 5.9% yoy in 2008 backed by still strong though decelerating real private final consumption expansion. For 2009 the real GDP growth is forecasted to slow down to 2.7% yoy of GDP.
The real GDP growth is estimated at 6.9% yoy in 2008 backed by strong real private final consumption expanding. At the same time, capital accumulation is estimated to grow moderately during the entire 2008.