Analysts raise their growth projections

Market analysts welcomed the 4.1 percent GDP growth rate of the first quarter and after the detailed data will be published they may adjust their forecasts upward for this year and for the next.

According to the report of KSH, the gross domestic product (GDP) increased by 4.1 percent in the first quarter, compared to the same period of the previous year. Calendar effect adjusted, the annual growth was 3.7 percent. Compared to the previous quarter, the volume of GDP grew by 1.3 percent. The analytical consensus has predicted a 3.5 percent expansion. (MTI)