We kept our 2025 GDP growth forecast at 3.6% but lowered it by 0.7ppts to 3.1% for 2026. This adjustment is driven by base effects from the strong rebound in private demand during Q3 2024, along with positive results from high-frequency indicators in Q4 2024, instead of the gradual recovery we anticipated. Our forecasts for 2025 and 2026 are below the consensus.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook