Economy
Posted:
2 years ago
TBC Capital: Economic growth will exceed 10% this year
According to preliminary data from Geostat, real GDP growth in October, as expected, compared to the previous year was 6.9%.
The chief economist at TBC Capital notes that these dynamics of economic growth are in line with their forecast that real GDP growth in 2021 will be above 10.0%.
"Increased activity was observed in almost all areas except construction, which was likely due to lower fiscal spending. At the same time, October was a strong month in terms of foreign inflows, but growth in imports and lending was relatively modest," the chief economist said in an updated report.