ministry of finance

Matt Atlas

Ministry Of Finance Downgrades Economic Growth Forecast

The Ministry of Finance has adjusted its economic growth outlook for 2019 and 2020 down slightly.


The ministry forecasts 2.4% growth in 2019 and 2.2% in 2020. In July the ministry forecast 2.5% growth in 2019 and 2.3% in 2020.


The Ministry of Finance adjusted its forecast based on new economic data published in August, citing several risks that can further slow economic growth. These include Brexit, international trade disputes, and domestic labor market conditions.