The economy will experience a rebound in 2021 as the country tackles the pandemic. Private consumption should lead the recovery in 2021, aided by weak inflation, and the unwinding of the pandemic-induced rise in household savings. Public consumption should underpin economic growth. Exports are on track for a strong rebound in line with the global economic recovery in 2021. Growth of real GDP will be 2.9% in 2022, before falling to average around 1.7% per year in 2025-2027.
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Country Profiles examine the economic and political trends in 210 countries and associated regions, serving as a one-stop-shop for data and analysis on the economy, political landscape and the business environment. This report series allows you to understand the macro-economic environment as a basis for strategic planning.
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