The Treasury has revised the country’s 2024 economic growth forecast downwards by 60 basis points, following a slower-than-expected performance in the first three quarters and poor credit to the private sector.
The Treasury now estimates that the economy grew by 4.6 percent last year, a downward revision from the 5.2 percent Gross Domestic Product (GDP) growth, it had projected four months earlier in another policy document by the finance ministry.
