The Macroeconomic Forecast is prepared on a quarterly basis. It contains a forecast for the current and following years and for certain indicators an outlook for another 2 years.

The Macroeconomic Forecast is prepared on a quarterly basis. It contains a forecast for the current and following years and for certain indicators an outlook for another 2 years.

The Macroeconomic Forecast is prepared on a quarterly basis. It contains a forecast for the current and following years and for certain indicators an outlook for another 2 years.

Real GDP increased by 0.4% QoQ in the third quarter of 2014 and a moderate recovery of economic activity therefore continued. We estimate that GDP increased by 2.4% last year and expect the economy to grow by 2.7% this year. In 2016, real GDP growth could slow down marginally to 2.5%.