Economic Update – Facing new growth challenges
Economics Note 21/08/2020 180
- We cut our 2020F GDP growth forecast by 1% pt to +3.5% in our baseline scenario due to growing uncertainties over the latest Covid-19 outbreak.
- Our 2020F average inflation rate is kept unchanged at 3.2% yoy.
- We expect to see robust public investment expansion to drive economic growth in the next few quarters.
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