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Growth of wages index slows to 3.9% YoY in Q2
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Economy holds steady in Q2 but autumn set to pose more and tougher tests
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Energy pushes import prices up by 10% in July
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Sharp drop in new passenger cars leads to 18.7% YoY decline for vehicle sales in Aug
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Despite manufacturing gains, industrial production drops by 1.2% YoY in July
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Inflation picks up pace in August, rising to 3.8% YoY
Amidst Covid and inflation uncertainty, 2022 budget looks forward to solid growth
Amidst growing concerns about the impact of the latest pandemic wave and ongoing pressures on the inflation front, led by energy prices, the Finance Ministry tabled a revised final budget for 2022 in which most macro variables and assumptions are improved compared to the draft tabled at the start of October.
This is the second year on the bounce that the government has tabled a final budget with new restrictions on movements in place, only this year they are mostly focused on unvaccinated citizens. Last year, it was tabled during a lockdown that was meant t...
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