The report highlights the following:
• Headline inflation has declined, but core inflation is picking up and is now expected to be 4.9 per cent in 2023.
• The unemployment rate is now below 4 per cent, for the first time since 2004, with tight labour market conditions expected to continue.
• Modified domestic demand is forecast to grow by 3.7 per cent in 2023, 2.5 per cent in 2024 and 2025
Quarterly Bulletin can be read here.