▣ GDP growth this year will be broadly in line with the May forecast on the back of improving exports, despite the delay in the recovery of domestic demand.
- Domestic demand is expected to gradually improve from the second half of the year, narrowing the difference in the pace of recovery between exports and domestic demand.
▣ CPI inflation fell slightly below the previous forecast path as agricultural product prices slowed down notably.
- While inflation will likely maintain its downward trend, uncertainties related to exchange rates and global oil prices remain.
▣Current account surplus is forecast to widen thanks to improving exports, but also in part due to the delay in the recovery of domestic demand.
* Please refer to the attached file for detailed information.