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Strong fiscal performance meets hard spending limits
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Taxes continues to drive budget outperformance in September
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Energy drives 13.8% YoY jump in August import prices
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Car sales bounce back with 1.2% YoY rise in September
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Draft budget for 2027 centred on strong surplus, selective support measures
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Industrial production jumps 5.8% YoY in Aug, led by electricity supply
PBO sees medium-term risks mounting, despite positive near-term outlook
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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