GDP: The Institute revised its forecast of real GDP growth to 1.9% in 2012 and 3.9% in 2013 to take into account slower recovery. Private final consumption will remain major contributor to economic growth.
Fiscal Indicators: The Government is likely to continue placing domestic state bonds denominated in foreign currency in the second half of 2012 and in 2013 to refinance old debts. Overall, consolidated fiscal deficit is expected to decline to 1.4% of GDP and 1.1% of GDP, respectively.
