Central Bank expects economy to grow by 4.8% this year and 4.4% next year

Domestic demand will continue to be main driver of economy, bank's quarterly bulletin says

Upward curve ahead Pic: Getty

The recovery in domestic demand will continue to be the main driver of the economy, the Central Bank said, as it forecast GDP would grow by 4.8 per cent this year, slightly above its previous forecast of 4.7 per cent, followed by growth of 4.4 per cent in 2017.

In its latest quarterly bulletin, the bank said gross domestic product is expected to have grown by 6.6 per cent last year with GNP ...