In 2023, GDP is expected to decrease by 0.2%, hampered by high inflation weighing on private consumption and weak export performance. Growth is forecast to reach 2.4% next year and 3% in 2025 driven by private consumption and public expenditure. Inflation is expected to take some time to moderate, staying close to double-digit levels in 2023. A decline in energy prices and a broad-based slowdown in other price categories are set to bring inflation down to 3.2% in 2024 and 1.9% in 2025. Unemployment is projected to decrease slightly in 2023 and further over the forecast horizon. The government deficit is set to decrease to 3.2% of GDP in 2023 and to remain at 3.1% in 2024 and 2025