Real GDP growth is projected to remain robust, albeit moderating from the peak in 2014 and 2015. The positive output gap is set to gradually close amid record-low unemployment and moderate wage growth. The current account and the budget balances are set to remain in surplus.

Indicators 2016 2017 2018 2019
GDP growth (%, yoy) 5,5 5,6 4,9 4,1
Inflation (%, yoy) 0,9 1,3 1,5 1,8
Unemployment (%) 4,7 4,2 4,0 4,0
Public budget balance (% of GDP) 1,1 0,9 0,5 0,5
Gross public debt (% of GDP) 57,6 54,9 51,6 48,8
Current account balance (% of GDP) 7,0 9,6 9,4 9,8

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