NBS cut its forecast for next year’s economic growth
The central bank NBS has cut its forecast for next year’s economic growth to 4.5% from the previous 4.8%. It argues that foreign demand will be weaker and investment growth slower that previously forecast. Prediction of this year’s economic growth is left unchanged at 4%. NBS increased its forecast for employment growth in 2018-19 by 0.3 of a point to 2.1% and 1.5%, respectively. Nominal wages will grow by 6.2% and 6.9%.