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Credit expansion grows by 4.5 pct in Mar, driven by corporations -
Deposits reverse contraction in Mar with 1.67 bln growth -
Building permits start year strongly with 15.1 pct rise in Jan -
March hirings balance hits new high, boosted by seasonal jobs in catering and accommodation -
Fiscal data for 2023 indicates that 2.1 pct of GDP goal is within reach -
Travel balance rises in Feb as arrivals jump by 20.7 pct in first two months
PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks
Following the positive developments in the first quarter of the year, when the economy only shrank by 2.3 pct on an annual basis, in its latest quarterly report the Parliamentary Budget Office shifted from its previous baseline scenario of annual growth of 2.7 pct, to the positive range of growth of 3.6 to 4.8 pct in 2021.
The PBO also notes that several other variables are moving in the right direction with unemployment stable, deflation slowing down, and the current account balance improving. Other short-term indicators showed significant improvement in May, as the econ...
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