The line graph illustrates the forecasted real GDP growth rates made by the International Monetary Fund for the period from 2009 to 2018.
Overall, the economy experienced a sharp decline in 2009, followed by a strong recovery in 2010. Although growth fluctuated in between 2011 and 2014, it generally increased from 2015 onwards, reaching a peak in 2017 before declining slightly in the final year 2018.
In 2009, real GDP growth stood at -2.8%, representing the lowest figure on the chart. However, the economy rebounded significantly in 2010, when growth rise to 2.51%. After this recovery, the growth rate fell moderately down to 1.85% in 2011 before increasing again to 2.78% in 2012, Nevertheless, growth dropped to 1.56% in 2013, marking another noticeable decline.
From 2014 onwards, economic performance improved steady. GDP growth increased from 2.59% in 2014 to 3.35% in 2015 and then rise slightly to 3.48% in 2016. The figure remained relatively stable at 3.36% in 2017, which was the peak of the forecast period. Finally, growth eased marginally to 3.07% in 2018, although it still remained well above the levels recorded in the earlier years.