Budget Paper No. 1 - 2020-21 Budget
According to the updated staff forecast, gross domestic product (GDP) is expected to contract by 4.5 percent in 2020, compared with 5.3 percent in the April forecast, and to grow by 6.8 percent in 2021, compared with 8.7 percent in the April forecast. The inflation rate in 2020 is expected to be -0.5 percent (compared with -0.8 percent in the ... ................
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