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The economy continues to recover from the crisis
years at a solid pace; Q4 GDP showed 0.5% growth, meaning the economy grew by
2.8% in 2016 overall. Domestic activity indicators have also gained further
ground, but despite stronger tourism there are signs that the peak of the
economic recovery may have passed. As a result, we see GDP growth slowing to
2.2% in both 2017 and 2018.
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