Economic Survey, Winter 2014

Underlying this forecast is the assumption that growth will be very moderate in Q4 2014. The projection for annual GDP growth in 2014 is 0.1%. The labour market will continue to weaken, and the unemployment rate will rise to 8.6%.

In 2015 growth will pick up to 0.9% and become more broadly based. Exports growth will continue to be slower than world trade growth, and therefore the loss of market shares will continue. In 2016 economic growth is predicted to reach 1.3%.

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