GKI: Signs of recession

According to the forecast of GKI Economic Research Co. prospects for the next year are gloomy, and recession is looming, though less deep than two years ago. Inflation is accelerating, the general government deficit is larger than planned, however, it probably will be less than 3 per cent. The external balance continues to improve, mirroring the decline of domestic demand. The government debt to GDP ratio will probably not decrease.

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