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According to the HCSO, economic developments picked up significantly in the third quarter of 2020 compared to the previous one, faster than expected. However, we already know that the fourth quarter will certainly be significantly worse. This is due to the second wave of the pandemic, the dampening effects of restrictive measures on supply and demand, and the impact of all this in deteriorating economic expectations.

You can download the forecast from here.

The archive of earlier forecasts is available here.

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