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Geostat has released its rapid estimate of real GDP growth for February 2020. The estimated growth stands at 2.2%, while the average real GDP growth for January-February 2019 reached 3.7%. ISET-PI predicted 4.7% and 5.4% growth for the first and second quarters of 2020 respectively, based on February 2020 data. This data does not yet fully account for the negative impacts of COVID-19 pandemic on the national economy.
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The annual real GDP growth for 2019 amounted to 5.2%, while the real GDP growth rate reached 5.1% year-on-year for January 2020. Before taking into consideration the negative consequences of COVID-19 on the real GDP growth forecast, ISET-PI predicted 4.7% and 5.4% growth for the first and second quarters of 2020 respectively, based on data from January 2020.
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GeoStat has published its rapid estimate of real GDP growth for the fourth quarter of 2019. Their estimated growth stands at 5.3%, which is 0.7 percentage points above ISET-PI’s most recent forecast. The annual real GDP growth for 2019 amounted to 5.2%. The real GDP growth rate reached 5.1% year-on-year for January 2020.
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Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2019, and their estimated growth stands at 5.3%, which is 0.7 percentage points above ISET-PI’s most recent forecast. The real GDP growth rate reached 3.8% year-on-year for December 2019.
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The real GDP growth rate reached 5.7% y/y in October 2019. As a result, the estimated real GDP growth for the first ten months of 2019 was 5.1%. ISET-PI’s real GDP growth forecast for the fourth quarter of 2019 remains at 4.4%.