GDP: Industry will face weak domestic and external demand, while agriculture will not repeat record performance of last year. As a result, we are likely to keep real GDP growth estimate at 1.9% in 2012. Recovery of global economy in 2013 will result in real GDP growth at 3.9% next year.
Fiscal Indicators: The Institute might revise upwards the forecast of consolidated fiscal deficit in 2012 taking into account successful issue of USD 2.0 bn of Eurobonds. Expenditures estimate will be changed accordingly.
