The projection still falls slightly short of the governmentʼs official forecast for 4.3% growth.
GKI puts industrial output growth at 4% and sees the construction sector expanding by 14%. Investments are set to climb 12%, it adds.
The institute sees retail sales growth reaching 6% and puts gross wage growth at 10%. Real wages are set to grow 7-8%, it predicts.
The researchers expect economic growth to slow to about 3% next year as the increase in investments and household consumption decelerates.