EconMin upholds 2013 GDP growth forecast at 1.5% after October data round

By bne IntelliNews December 6, 2013

After the series of October macroeconomic data has been published, the ministry of economy has upheld its forecast of GDP growth of 1.5% in the whole of 2013.
The ministry's analysts upheld the forecast of total consumption's rise by 1.1%, including individual consumption's increase by also 1.1%. They continue to expect gross fixed capital formation to decline by 0.7%.
The 2014 state budget draft stipulates for GDP growth of 1.5% in 2013 and 2.5% in 2014, but PM Donald Tusk recently forecasted the figures at 1.4% and 3.0%, respectively. The central bank sees growth at 1.3% and 2.9%, respectively.
According to the ministry of economy, CPI inflation will ease to 1.2% in 2013m while the registered unemployment rate will amount to 13.8% at the end of the year.

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