The economy will slow significantly in 2020. Growth is being limited by Coronavirus (COVID-19) pandemic containment measures and the decrease in remittances. The government’s fiscal measures have eased the downturn somewhat. Exports – which mainly consists of minerals and agricultural commodities – are performing poorly. Growth of real GDP will recover to around 6.0% in 2021 and will be about 4.0% per year in the medium term.
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