PBO sees medium-term risks mounting, despite positive near-term outlook

EconomyMacroeconomy Tags: Budget, GDP, PBO

The Parliament Budget Office (PBO) released on Thursday its latest report, for the second quarter of the year, and notes the relative positive picture in the near-term, despite the uncertain times due to the energy crisis. However, it notes a series of challenges and risks in the medium-term.

The PBO highlights that the economy recorded solid growth in the first half of the year, growing by 7.7 pct in the second quarter, which will lead to a significant upward revision of the annual growth for 2022. Employment is only showing remarkable sign...

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