Report

Statistical office confirms GDP growth at 3% y/y in Q3 – first revision

- All figures are in line with flash estimate, new year-end forecast is more realistic
- Investment becomes major growth driver in Q3, followed by slowing final consumption
- Net export slightly increases negative contribution, as consumption remains still robust
- Net taxes and construction are GDP growth drivers in Q3, higher contributions than in Q2
- Industry and agriculture worsen, their negative contribution to economic growth is bigger
- We doubt GDP growth will pick up in Q4, so new forecast may be missed
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CEEMarketWatch
CEEMarketWatch

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