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Winter Surprise: Economists Caught Off Guard Like Road Workers

Early 2026 brought economic optimism as positive data, especially in construction, exceeded GDP forecasts.

Surprising Economic Data

Data published in January for December in the real sector were positively surprising, particularly in construction.

Growth Forecasts Exceeded

The forecast consensus was exceeded by preliminary estimates of GDP growth for Q4 2025, as well as for the entire past year.

Optimistic 2026 Projections

The result was increasingly aggressive forecasts that this year’s economic growth rate will reach at least 4 percent.

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