The country's economy is likely to improve: GDP is projected at 10.50%



The Corona epidemic hit the country's economy hard. Production was put on hold and thousands of workers lost their jobs, but now the risk of an epidemic is waning and the economy is reeling. According to the rating agency, GDP is likely to remain at 10.50 per cent.
The rate of GDP fell due to the lockdown. The country's economy has been hit hard by declining production capacity, but according to a new assessment by credit rating agency Brickwork, GDP is likely to remain at 10.50 per cent by 2020. GDP grew by 30.1 per cent in the last quarter. Between vaccinations the production vehicle slowly climbed onto the tracks. Because of this, the result was good in the last quarter.
According to the ratings agency, GDP will grow significantly in the next quarter if a third wave is not possible at all. The GDP growth forecast for 2021-2 was earlier projected to be 9 per cent, but given the results of the last quarter, the math is that it will go up to 10.50 per cent.
However, the report also spoke about the risks. In particular, the sharp rise in crude oil prices could be a barrier to production. Issues such as mineral production, rising crude oil prices, and coal shortages should not be seen as slowing down GDP, the report said.

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