• Statistical Series
• 11. November 2022
• Vol 107, Issue 7
• ISSN: 1670-4770



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Economic growth is projected to be 6.2% for this year and 1.8% next year. Private consumption growth has been strong so far this year and tourism has grown rapidly, but inflation has increased. Private consumption is forecast to grow by 7.6% this year and 1.7% next year as the economy slows down. Private consumption growth was very strong in the first half of the year, increasing by 9.2% in the first quarter and 13.5% in the second quarter. Public consumption grew by 1.8% in the first half of the year. Public consumption growth is expected to be slower in the second half of the year and is projected to grow by 1.5%. Public consumption growth is expected to slow down further next year and grow by 0.9%.