Even though the economy is making a steady recovery post-pandemic, many financial experts believe that only more flexible and extreme drastic measures and policies could prevent the country from falling into an impending recession.
The Ministry of Planning and Investment (MPI) is coordinating with relevant ministries, sectors and localities to study and build a program on economic recovery and development in association with improvement of the economy’s internal capacity and self-reliance by 2023, with a goal to achieve an annual average GDP growth rate of 6.5-7 percent during 2021-2025.
Gross Domestic Product (GDP) growth rate has been up quarter by quarter this year and reached 7.46 percent in the third quarter, a strong increase compared to 5.15 percent the first and 6.28 percent in the second quarter.