GDP: The Institute revised downwards our economic growth projections to take into account recent economic data and worsened forecasts of global economic growth. As a result, real GDP is expected to grow by 0.1% in 2013 and 2.8% in 2014.
Fiscal Indicators: Fiscal pressure increased due to decline in fiscal revenues and restricted access to capital markets. As a result, the Government might sequester the budget in autumn 2013. Pressure will remain high in 2014 due to high recurrent expenditures and large debt maturing next year.
