The forecast of GKI Economic Research Co. for 2023

GKI’s latest detailed forecast, in March, differed from the majority view, in particular in its assumption of a downturn this year and a slower decline in inflation, as well as in the extent of the likely delay in access to EU transfers. GKI did not change the main findings of its economic forecast in June. It still expects a decline in GDP of 0.5 per cent this year, and the danger of an even greater decline can only be averted by a faster-than-foreseen expansion of agriculture. More…