Economic forecast, July 2025


  • Statistical Series
  • 04. July 2025
  • Vol 110, Issue 6
  • ISSN: 1670-4770


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Real GDP contracted by 0.7 percent in the previous year. In 2025, economic activity is projected to rebound, with real GDP growth forecast at 2.2 percent. This recovery is expected to be primarily driven by robust domestic demand. In 2026, GDP growth is anticipated to strengthen to 2.5 percent, supported by a gradual improvement in external trade dynamics alongside continued expansion in household consumption. By 2027, growth is projected to accelerate further to 2.8 percent, with output gains becoming more broad-based across sectors.

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