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GKI has revised its growth forecast. For 2022, it raised its GDP forecast to 3.5-4 per cent from 2.5-3 per cent previously, and lowered its GDP forecast for 2023 to between 2.5-3 per cent from 3.5-4 per cent. The change is a consequence of faster-than-expected growth in the first quarter and stronger-than-expected austerity and inflation, a deteriorating global political situation, and strained relations with the EU.
