• Statistical Series
• 14. November 2025
• Vol 110, Issue 8
• ISSN: 1670-4770



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Worsening prospects for exports dampen economic growth in the coming years. Growth is expected to be 1.7% this year and 1.8% next year. Domestic demand is projected to be the main driver of growth this year, while investment is expected to decline next year as private and public consumption continue to grow. Real private consumption is projected to grow by 3.2% in 2025. Leading indicators suggest that household expenditure accelerated in the third quarter, underpinned by rising real incomes and improving consumer sentiment. For 2026 and 2027, private consumption is forecast to grow by 2.4% and 3.0%, respectively, broadly aligned with the projected path of overall economic activity.