Forecasts of Selected Variables: October 31, 2022
@            Actual and Forecast Values for Selected Variables                
@                                                                             
@ Real GDP and its Endogenous Components                                      
@                                                                             
PRINTVAR FIXEDF LEVELS PCHANGES GDPR CS CN CD IHH IKF IM;                     
 
          GDPR        GDPR        CS          CS          CN          CN      
         Level      %Change      Level      %Change      Level      %Change 
2017.1  4472.30000     1.73126  2017.85000     2.65488   699.15000     3.71700
2017.2  4494.80000     2.02762  2020.02500     0.43185   706.17500     4.08015
2017.3  4532.02500     3.35410  2026.85000     1.35833   709.47500     1.88237
2017.4  4577.57500     4.08129  2039.70000     2.56017   718.52500     5.20083
2018.1  4609.30000     2.80116  2056.77500     3.39081   719.22500     0.39026
2018.2  4641.45000     2.81934  2071.45000     2.88467   722.52500     1.84798
2018.3  4674.92500     2.91623  2082.62500     2.17543   727.30000     2.66983
2018.4  4683.42500     0.72927  2088.25000     1.08475   734.60000     4.07570
2019.1  4708.87500     2.19140  2091.27500     0.58069   737.75000     1.72628
2019.2  4740.55000     2.71793  2098.12500     1.31666   744.57500     3.75211
2019.3  4782.75000     3.60860  2110.30000     2.34140   751.15000     3.57928
2019.4  4803.95000     1.78486  2121.35000     2.11100   751.95000     0.42669
2020.1  4747.47500    -4.62011  2072.65000    -8.87143   763.37500     6.21745
2020.2  4344.70000   -29.85634  1821.12500   -40.39878   731.02500   -15.90364
2020.3  4685.95000    35.31671  1970.72500    37.13398   786.02500    33.66464
2020.4  4731.10000     3.91014  1998.45000     5.74724   786.27500     0.12728
2021.1  4804.07500     6.31404  2018.07500     3.98628   814.00000    14.86818
2021.2  4886.07500     7.00434  2077.37500    12.28207   837.85000    12.24512
2021.3  4918.17500     2.65389  2123.57500     9.19703   841.37500     1.69353
2021.4  5001.55000     6.95536  2142.05000     3.52566   842.92500     0.73893
2022.1  4981.05000    -1.62944  2153.22500     2.10317   833.52500    -4.38660
2022.2  4973.85000    -0.57694  2177.40000     4.56714   828.37500    -2.44862
2022.3  5005.42500     2.56356  2192.45000     2.79356   825.52500    -1.36910

2022.4  5010.01301     0.36715  2200.87263     1.54554   820.36563    -2.47658
2023.1  5005.92545    -0.32595  2207.92513     1.28794   815.85571    -2.18092
2023.2  5002.67502    -0.25947  2215.07224     1.30111   812.47591    -1.64679
2023.3  5008.88976     0.49784  2222.39242     1.32845   810.15499    -1.13775
2023.4  5024.76186     1.27355  2229.93395     1.36430   808.73789    -0.69784
2024.1  5046.49659     1.74147  2237.71777     1.40357   808.07303    -0.32843
2024.2  5071.80897     2.02148  2245.76029     1.44540   808.02706    -0.02276
2024.3  5099.22967     2.18020  2254.06274     1.48700   808.48629     0.22753
2024.4  5127.77903     2.25838  2262.61199     1.52578   809.35413     0.43005
2025.1  5156.97925     2.29734  2271.39246     1.56133   810.55145     0.59306
2025.2  5186.65018     2.32136  2280.38875     1.59371   812.01480     0.72411
2025.3  5216.78678     2.34450  2289.58549     1.62297   813.69390     0.82970
2025.4  5247.45582     2.37238  2298.96921     1.64948   815.54964     0.91538
 
          CD          CD          IHH         IHH         IKF         IKF     
         Level      %Change      Level      %Change      Level      %Change 
2017.1   380.65000     2.45387   126.40999    10.58628   513.56542     5.68384
2017.2   384.90000     4.54140   127.60782     3.84450   521.52876     6.34815
2017.3   394.75000    10.63611   127.52013    -0.27459   525.90467     3.39870
2017.4   409.52500    15.83322   129.87660     7.59911   537.00136     8.71099
2018.1   412.05000     2.48918   127.72913    -6.45163   548.63379     8.95036
2018.2   417.62500     5.52279   128.86043     3.59016   559.20794     7.93520
2018.3   422.72500     4.97497   127.40626    -4.43810   563.85985     3.36925
2018.4   424.55000     1.73811   124.85191    -7.78158   565.90733     1.46040
2019.1   420.80000    -3.48662   123.36613    -4.67583   566.05875     0.10707
2019.2   429.87500     8.90952   124.87975     4.99878   576.26147     7.40693
2019.3   440.55000    10.30928   126.48833     5.25282   581.76693     3.87662
2019.4   448.80000     7.70369   126.72427     0.74822   576.38415    -3.64994
2020.1   435.57500   -11.27615   130.92929    13.94835   565.15313    -7.56925
2020.2   436.02500     0.41389   120.35173   -28.60594   525.05375   -25.50099
2020.3   520.87500   103.65191   136.21035    64.07073   535.97916     8.58668
2020.4   521.65000     0.59648   147.39649    37.12231   552.24092    12.69968
2021.1   572.12500    44.69278   149.08845     4.67125   563.98463     8.78143
2021.2   586.75000    10.62383   145.48923    -9.31250   579.09641    11.15639
2021.3   551.47500   -21.96473   144.06570    -3.85671   582.22331     2.17741
2021.4   558.37500     5.09947   144.48504     1.16938   584.62403     1.65958
2022.1   568.75000     7.64200   141.67102    -7.56581   595.81515     7.87965
2022.2   564.80000    -2.74922   131.99288   -24.65093   597.70850     1.27717
2022.3   563.60000    -0.84715   122.27392   -26.35668   603.20278     3.72791

2022.4   556.25408    -5.11252   116.58813   -17.34255   604.16967     0.64272
2023.1   548.04829    -5.77146   110.45914   -19.42706   598.14415    -3.93001
2023.2   539.58474    -6.03560   105.52642   -16.70131   594.84048    -2.19105
2023.3   531.06139    -6.17031   102.59510   -10.65676   596.89591     1.38936
2023.4   522.60357    -6.21992   101.22281    -5.24393   600.39397     2.36485
2024.1   514.31834    -6.19229   100.93656    -1.12637   604.65934     2.87214
2024.2   506.29111    -6.09836   101.42261     1.94010   609.88285     3.50054
2024.3   498.58980    -5.94707   102.46578     4.17807   616.04608     4.10393
2024.4   491.26711    -5.74656   103.91010     5.75858   622.86103     4.49893
2025.1   484.36333    -5.50382   105.64734     6.85707   630.04458     4.69369
2025.2   477.90866    -5.22483   107.60381     7.61587   637.42951     4.77159
2025.3   471.92518    -4.91479   109.72943     8.13888   644.92016     4.78404
2025.4   466.42815    -4.57846   111.99107     8.50285   652.46919     4.76500
 
          IM          IM      
         Level      %Change 
2017.1   810.45000     6.32154
2017.2   818.35000     3.95645
2017.3   817.67500    -0.32952
2017.4   840.72500    11.76169
2018.1   847.80000     3.40887
2018.2   848.82500     0.48448
2018.3   860.25000     5.49359
2018.4   868.57500     3.92752
2019.1   871.47500     1.34222
2019.2   872.92500     0.66720
2019.3   869.10000    -1.74124
2019.4   851.15000    -8.00898
2020.1   823.87500   -12.21488
2020.2   679.65000   -53.68774
2020.3   796.05000    88.20021
2020.4   854.75000    32.92144
2021.1   870.50000     7.57681
2021.2   887.25000     7.92174
2021.3   901.57500     6.61625
2021.4   940.82500    18.58451
2022.1   981.40000    18.39921
2022.2   986.85000     2.23989
2022.3   969.30000    -6.92602

2022.4   970.35469     0.43595
2023.1   968.80834    -0.63591
2023.2   965.32401    -1.43086
2023.3   960.98517    -1.78579
2023.4   956.72106    -1.76311
2024.1   952.99230    -1.54988
2024.2   949.94167    -1.27431
2024.3   947.57593    -0.99244
2024.4   945.84490    -0.72872
2025.1   944.67201    -0.49510
2025.2   943.98254    -0.29162
2025.3   943.72131    -0.11065
2025.4   943.85073     0.05487
PRINTVAR FIXEDF LEVELS IVF;                                                   
 
          IVF     
         Level  
2017.1    -2.85000
2017.2     4.35000
2017.3    21.67500
2017.4    13.07500
2018.1    14.72500
2018.2     0.85000
2018.3    28.70000
2018.4    21.82500
2019.1    33.65000
2019.2    20.27500
2019.3    17.97500
2019.4     1.20000
2020.1    -8.60000
2020.2   -69.77500
2020.3     9.20000
2020.4    14.57500
2021.1   -20.75000
2021.2   -35.90000
2021.3   -12.15000
2021.4    49.40000
2022.1    53.62500
2022.2    27.55000
2022.3    15.47500

2022.4    16.89653
2023.1    15.92808
2023.2     8.84269
2023.3     1.70294
2023.4    -0.03091
2024.1     1.47747
2024.2     4.23884
2024.3     7.06728
2024.4     9.43248
2025.1    11.22425
2025.2    12.47579
2025.3    13.31464
2025.4    13.88614
@                                                                             
@ Prices and Wages                                                            
@                                                                             
PRINTVAR FIXEDF PCHANGES GDPD PF WF WR ;                                      
 
          GDPD        PF          WF          WR      
        %Change     %Change     %Change     %Change 
2017.1     1.89015     1.95170     5.10225     3.09024
2017.2     1.44377     0.93749     0.48670    -0.44661
2017.3     2.01927     1.80305     4.82374     2.96718
2017.4     2.78365     2.39560     4.46100     2.01708
2018.1     2.48116     2.27423     2.06982    -0.19986
2018.2     3.16643     3.18848     1.18467    -1.94189
2018.3     1.65456     1.58780     5.03466     3.39298
2018.4     1.83223     1.12186     2.53629     1.39874
2019.1     1.55624     1.51729     7.66009     6.05099
2019.2     2.25092     2.71134     1.70857    -0.97629
2019.3     1.30789     0.40313     1.68702     1.27874
2019.4     1.29500     0.92014     6.00500     5.03849
2020.1     1.39835     0.59493    11.14262    10.48531
2020.2    -1.09392    -3.95175    29.90539    35.25013
2020.3     3.50398     3.68596    -3.69579    -7.11933
2020.4     2.81766     3.33508     2.19491    -1.10338
2021.1     4.80585     5.01598    -4.91792    -9.45942
2021.2     6.35411     4.85299     9.73839     4.65929
2021.3     6.20871     8.09819     4.63049    -3.20792
2021.4     6.84051     7.95097     9.20171     1.15863
2022.1     8.35029     8.26627     0.49823    -7.17494
2022.2     9.10090     9.44510     4.95646    -4.10128
2022.3     4.06899     3.65615     6.16217     2.41763

2022.4     4.09021     3.95639     4.88134     0.88974
2023.1     3.67413     3.56565     4.54453     0.94518
2023.2     3.14539     3.15366     4.18697     1.00172
2023.3     2.92713     2.90667     3.97728     1.04037
2023.4     3.02124     2.83723     3.92711     1.05981
2024.1     3.18445     2.89728     3.99317     1.06503
2024.2     3.37242     3.04094     4.13403     1.06082
2024.3     3.57354     3.23433     4.31909     1.05077
2024.4     3.78329     3.45400     4.52719     1.03735
2025.1     3.99804     3.68465     4.74453     1.02221
2025.2     4.21243     3.91676     4.96253     1.00636
2025.3     4.42385     4.14471     5.17618     0.99042
2025.4     4.63025     4.36546     5.38275     0.97474
@                                                                             
@ Interest Rates and Money                                                    
@                                                                             
PRINTVAR FIXEDF LEVELS RS RB RM M1 PCM1 UBR;                                  
 
          RS          RB          RM          M1          PCM1        UBR     
         Level       Level       Level       Level       Level       Level  
2017.1     0.59000     3.96000     4.17333  3913.06800    21.42734  2156.87100
2017.2     0.89000     3.80000     3.98667  3990.54800     8.15848  1986.81400
2017.3     1.03667     3.65333     3.88667  4000.64200     1.01564  2077.73800
2017.4     1.20667     3.56000     3.92333  4043.57100     4.36179  1956.41200
2018.1     1.56000     3.74667     4.26883  4143.16400    10.22198  2114.58900
2018.2     1.84000     3.93667     4.54117  4103.08500    -3.81362  1894.22100
2018.3     2.04000     3.91000     4.57000  4113.00000     0.97010  1776.76300
2018.4     2.31667     4.12667     4.78000  4185.88200     7.27860  1563.43400
2019.1     2.38667     3.83000     4.36667  4146.91100    -3.67236  1588.31900
2019.2     2.30000     3.59333     4.00333  4245.30600     9.83409  1428.87800
2019.3     1.98000     3.10000     3.66667  4368.47800    12.12039  1434.68900
2019.4     1.57667     3.02667     3.70333  4456.56900     8.31334  1556.34800
2020.1     1.11000     2.91333     3.51333  5266.27400    94.98952  2405.19000
2020.2     0.14333     2.45667     3.23333  6004.46200    68.99840  2711.11300
2020.3     0.11333     2.23333     2.95000  6228.96100    15.81533  2684.15800
2020.4     0.09333     2.30333     2.76000  7403.41200    99.55620  2957.89900
2021.1     0.05000     2.73000     2.87667  7925.26100    31.31871  3638.87500
2021.2     0.02667     2.88333     3.00000  8337.21600    22.47006  3477.35100
2021.3     0.04667     2.55000     2.87000  8717.60500    19.53760  3850.13700
2021.4     0.05333     2.64667     3.08000  8956.74500    11.43256  3638.55000
2022.1     0.30667     3.20333     3.79333  9198.85400    11.25872  3596.14800
2022.2     1.07667     4.04333     5.24333  9435.27600    10.68366  2953.38200
2022.3     2.66333     4.24000     5.58000  9310.15031    -5.20000  2953.38200

2022.4     4.50000     4.83420     6.43401  9401.79602     3.99597  2953.38200
2023.1     5.00000     5.13011     6.90222  9486.73118     3.66283  2953.38200
2023.2     5.00000     5.31271     7.09046  9566.06169     3.38709  2953.38200
2023.3     5.00000     5.49150     7.22253  9644.56605     3.32325  2953.38200
2023.4     5.00000     5.65556     7.33832  9727.38422     3.47931  2953.38200
2024.1     5.00000     5.80583     7.43983  9815.76831     3.68428  2953.38200
2024.2     5.00000     5.94341     7.52882  9910.27654     3.90726  2953.38200
2024.3     5.00000     6.06934     7.60683 10011.30002     4.14030  2953.38200
2024.4     5.00000     6.18463     7.67521 10119.17343     4.38023  2953.38200
2025.1     5.00000     6.29016     7.73517 10234.18609     4.62442  2953.38200
2025.2     5.00000     6.38676     7.78773 10356.54632     4.86887  2953.38200
2025.3     5.00000     6.47519     7.83380 10486.42586     5.11148  2953.38200
2025.4     5.00000     6.55614     7.87420 10623.96790     5.35061  2953.38200
@                                                                             
@ Unemployment Rate and Unemployment                                          
@                                                                             
PRINTVAR FIXEDF LEVELS UR100 U;                                               
 
          UR100       U       
         Level       Level  
2017.1     4.57007     7.31511
2017.2     4.36133     6.99604
2017.3     4.31921     6.95196
2017.4     4.17605     6.71157
2018.1     4.03226     6.51001
2018.2     3.92576     6.35496
2018.3     3.78536     6.12959
2018.4     3.83545     6.24173
2019.1     3.82955     6.26278
2019.2     3.62919     5.92679
2019.3     3.60935     5.92873
2019.4     3.59927     5.93870
2020.1     3.80091     6.27267
2020.2    12.98325    20.66765
2020.3     8.81521    14.22971
2020.4     6.77668    10.96786
2021.1     6.20769    10.04375
2021.2     5.89759     9.57835
2021.3     5.09614     8.30368
2021.4     4.21860     6.89920
2022.1     3.80724     6.24500
2022.2     3.61523     5.93433
2022.3     3.53409     5.81233

2022.4     3.63850     5.99868
2023.1     3.97579     6.56862
2023.2     4.42189     7.31811
2023.3     4.86547     8.06294
2023.4     5.24445     8.69999
2024.1     5.54413     9.20487
2024.2     5.77017     9.58714
2024.3     5.93558     9.86865
2024.4     6.05466    10.07335
2025.1     6.13956    10.22164
2025.2     6.19941    10.32879
2025.3     6.24048    10.40531
2025.4     6.26682    10.45796
@                                                                             
@ Labor Force and Employment                                                  
@                                                                             
PRINTVAR FIXEDF PCHANGES L1 L2 L3 LM JF E;                                    
 
          L1          L2          L3          LM          JF          E       
        %Change     %Change     %Change     %Change     %Change     %Change 
2017.1     0.78036     0.79277     4.18986   -24.27608     1.75086     2.88999
2017.2    -0.15298     2.04139     0.85683    -2.96886     1.70820     1.73192
2017.3     0.86408     1.08733     2.10159   -13.01224     1.10938     1.55187
2017.4     0.84805    -1.06909    -1.51358    62.90302     2.20142     0.01736
2018.1     2.53625     0.40286     2.32222    -1.41007     2.55145     2.43239
2018.2     0.50245     0.64386     1.93958     2.86645     1.64194     1.50468
2018.3    -1.15378     2.06601    -0.21609     9.84033     1.21674     0.70631
2018.4     1.48801     1.63136     2.78534     1.16712     1.97465     1.78577
2019.1     2.36034     0.09154     3.13207   -23.77231     0.72296     1.98743
2019.2    -1.61230    -0.00855     0.01049    13.71788     0.72446     0.26860
2019.3     0.42531     1.80131     4.59728    -7.70309     2.22933     2.41468
2019.4     1.05727     3.57970     1.04737   -21.19777     0.60784     1.83173
2020.1     0.35217    -0.25969     0.10198   -37.98211    -3.15559    -0.74712
2020.2    -8.72981   -11.44625   -19.37822   203.57923   -40.22595   -41.88276
2020.3     2.76253     2.82647    11.09537   -41.03586    26.06642    27.23589
2020.4    -0.35003    -0.53620     3.75409   -67.33238     6.70181    10.32531
2021.1     0.88124     1.56088    -2.40494    59.55391     4.13645     2.30952
2021.2     1.87840     1.27018     1.38232    62.83801     4.87404     2.85558
2021.3     1.63709     1.30271     0.99234     4.31573     5.14386     4.76885
2021.4    -0.26353     1.37960     3.22772   -23.24423     4.58659     5.24824
2022.1     1.38359     2.62066    -0.15343    32.19187     4.38934     2.91808
2022.2     0.15327     1.52844    -0.58597    81.22848     3.98891     1.08520
2022.3     0.22162     1.69868     0.52455    39.72307     2.76638     1.10416

2022.4     0.47188     0.60394     1.75324     9.40867     0.96877     0.53986
2023.1     0.41045     0.43512     1.58509     6.11557    -0.39208    -0.55097
2023.2     0.33294     0.23633     1.36793     2.59771    -1.24994    -1.16376
2023.3     0.26171     0.06850     1.15454    -0.39099    -1.57779    -1.30978
2023.4     0.20823    -0.04155     0.97468    -2.56232    -1.54654    -1.16459
2024.1     0.17391    -0.09518     0.83499    -3.96430    -1.36084    -0.91792
2024.2     0.15620    -0.10376     0.73237    -4.74791    -1.12457    -0.65927
2024.3     0.15137    -0.08059     0.66031    -5.07587    -0.88959    -0.42780
2024.4     0.15570    -0.03759     0.61173    -5.09067    -0.67988    -0.23730
2025.1     0.16618     0.01614     0.58060    -4.90160    -0.50022    -0.08555
2025.2     0.18056     0.07439     0.56237    -4.58595    -0.34695     0.03548
2025.3     0.19731     0.13331     0.55385    -4.19487    -0.21353     0.13481
2025.4     0.21546     0.19074     0.55289    -3.76055    -0.09381     0.21992
@                                                                             
@ Profits and Productivity                                                    
@                                                                             
PRINTVAR FIXEDF LEVELS PCHANGES PIEF PROD100 ;                                
 
          PIEF        PIEF        PROD100     PROD100 
         Level      %Change      Level      %Change 
2017.1   327.79589    26.95794     6.99287   -99.00000
2017.2   325.01100    -3.35527     6.98042    -0.71016
2017.3   321.01200    -4.83159     7.05911     4.58626
2017.4   288.98500   -34.32257     7.08208     1.30778
2018.1   318.17600    46.94962     7.09458     0.70782
2018.2   323.55364     6.93392     7.10441     0.55515
2018.3   329.94600     8.13999     7.14838     2.49870
2018.4   316.63700   -15.18451     7.13817    -0.56963
2019.1   273.96900   -43.95214     7.19241     3.07397
2019.2   246.76700   -34.18231     7.22746     1.96353
2019.3   236.36900   -15.81906     7.26315     1.99028
2019.4   268.57460    66.68545     7.29063     1.52191
2020.1   235.87270   -40.50904     7.27769    -0.70815
2020.2   215.27900   -30.61015     7.61882    20.10898
2020.3   388.44600   960.02460     7.69954     4.30603
2020.4   320.77530   -53.49699     7.59870    -5.13673
2021.1   440.90900   256.93752     7.64304     2.35470
2021.2   487.13000    48.99910     7.69596     2.79839
2021.3   468.36900   -14.53800     7.61687    -4.04784
2021.4   461.00700    -6.14066     7.70675     4.80436
2022.1   510.10100    49.89758     7.57113    -6.85575
2022.2   562.05300    47.39555     7.50827    -3.27971
2022.3   594.34918    25.04248     7.52930     1.12494

2022.4   578.07145   -10.51311     7.52882    -0.02557
2023.1   565.34784    -8.51774     7.54257     0.73298
2023.2   558.84681    -4.52093     7.57217     1.57901
2023.3   564.53932     4.13715     7.61808     2.44689
2023.4   580.04310    11.44594     7.67411     2.97476
2024.1   598.49680    13.34602     7.73313     3.11220
2024.2   617.39747    13.24318     7.79168     3.06278
2024.3   636.16034    12.72156     7.84816     2.93150
2024.4   654.19057    11.82805     7.90201     2.77268
2025.1   671.42444    10.96128     7.95329     2.62110
2025.2   688.15397    10.34532     8.00234     2.48994
2025.3   704.82675    10.04924     8.04957     2.38196
2025.4   721.85701    10.02090     8.09535     2.29419
@                                                                             
@ Some other endogenous variables                                             
@                                                                             
PRINTVAR FIXEDF LEVELS CG SRZ100 SR SGP SSP;                                  
 
          CG          SRZ100      SR          SGP         SSP     
         Level       Level       Level       Level       Level  
2017.1  1570.93600     7.28338    91.89400  -177.10000   -60.87500
2017.2   839.64800     7.78434   109.25300  -181.60000   -65.85000
2017.3  1204.42800     7.74930    94.03300  -184.92500   -57.87500
2017.4  1966.01700     7.07028    92.25500  -190.87500   -43.07500
2018.1    43.90800     7.39178   100.02300  -221.57500   -41.60000
2018.2   731.26800     7.47438    97.31300  -226.17500   -51.32500
2018.3  1268.03800     7.82713   121.02900  -220.10000   -52.05000
2018.4 -4350.53800     8.44770   127.38500  -239.40000   -54.02500
2019.1  4822.36300     9.58596   122.09400  -257.02500   -49.72500
2019.2  1148.66300     8.93208   120.49600  -263.05000   -39.22500
2019.3   -12.36000     8.91011   112.08600  -271.92500   -50.42500
2019.4  2768.93900     8.98728   104.79600  -260.27500   -55.42500
2020.1 -7544.94500    11.06287   108.42300  -272.57500   -49.20000
2020.2  5753.14300    27.08387   132.25500 -1347.12500   110.15000
2020.3  3160.09900    16.86638   166.91200  -843.12500   -29.85000
2020.4  6811.00800    14.06394   190.86000  -494.62500   -18.07500
2021.1  3053.54800    20.83965   198.30600 -1030.10000   -18.67500
2021.2  3591.07800    11.09468   211.97200  -845.67500   198.20000
2021.3  1007.47400     9.33979   225.92100  -578.65000    36.05000
2021.4  2871.53300     7.46011   228.86500  -381.02500     8.65000
2022.1 -2409.37300     4.41319   279.50700  -232.22500    16.80000
2022.2 -7623.99200     3.48402   259.00600  -216.02500    -9.55000
2022.3 -1898.00000     3.42209   227.90000  -244.54659   -17.14573

2022.4   676.75511     3.80901   235.32432  -263.33537   -22.80872
2023.1   686.74475     3.99626   241.20643  -283.88647   -29.05173
2023.2   696.22842     4.04322   245.88746  -305.31124   -35.36833
2023.3   705.13457     4.07306   250.03488  -325.76790   -41.29924
2023.4   713.72297     4.14970   254.27584  -345.01825   -46.77362
2024.1   722.29544     4.26973   258.95470  -363.51021   -52.02140
2024.2   731.07848     4.41853   264.07624  -381.34399   -57.17249
2024.3   740.22630     4.58480   269.58720  -398.73748   -62.29352
2024.4   749.83923     4.75697   275.37110  -415.78266   -67.44839
2025.1   759.97982     4.92808   281.32359  -432.61024   -72.67317
2025.2   770.68565     5.09425   287.35925  -449.31780   -77.98519
2025.3   781.97852     5.25361   293.41901  -465.95033   -83.39112
2025.4   793.87093     5.40557   299.46946  -482.53015   -88.89406
@                                                                             
@ Selected exogenous variables                                                
@                                                                             
PRINTVAR FIXEDF PCHANGES COG COS EX TRGH PIM ;                                
 
          COG         COS         EX          TRGH        PIM     
        %Change     %Change     %Change     %Change     %Change 
2017.1    -2.17598    -2.82493    10.78431     6.09572     4.40336
2017.2     3.81370    -1.60478     1.33440     3.03016     0.38638
2017.3    -1.28520    -1.00933     2.37927     3.61286     0.24771
2017.4     7.47636     4.12530    10.80193     3.54045     4.93591
2018.1     3.62089    -1.15136     2.63968     9.28656     6.47772
2018.2     4.03741     4.72017     2.19008     2.90821     1.18769
2018.3     7.24967     1.95814    -5.17600     3.46437     0.63341
2018.4     4.46216    -2.35978     1.24040     4.06674    -2.00990
2019.1     7.13968    15.99884     4.75999    15.08258    -4.52354
2019.2     3.29802     9.55643    -2.29963     3.35439     2.23865
2019.3     6.14492     0.94328    -0.03263     2.73034    -4.15155
2019.4     2.21548     0.14074     0.75274     2.14014    -1.41986
2020.1     4.16658     8.45825   -15.30487     9.46455    -1.34989
2020.2    44.76589    16.40005   -60.86880   500.57931   -12.25085
2020.3   -17.51101   -14.71898    59.53216   -71.62329     8.08948
2020.4     4.24675     2.93055    24.15609   -17.64740     2.82499
2021.1    25.09388     1.14697     0.43498   881.52537    12.98677
2021.2    -9.77580    -3.10630     4.85787   -82.43468    12.75209
2021.3    -9.45727     1.33816    -1.06742    -6.18576     6.16645
2021.4     0.54147    -2.22352    23.51757     0.30619     6.30476
2022.1    -7.69597    -2.28119    -4.57429    -8.62437    13.55766
2022.2    -4.53690    -2.33975    13.77427    -1.62394    13.23811
2022.3     5.37499     1.49828    14.43543    -1.22127    -3.99102

2022.4     3.00000     3.00000     5.00000     7.21292     9.00000
2023.1     3.00000     3.00000     5.00000     6.78435     9.00000
2023.2     3.00000     3.00000     5.00000     6.23975     9.00000
2023.3     3.00000     3.00000     5.00000     6.01495     9.00000
2023.4     3.00000     3.00000     5.00000     6.11187     9.00000
2024.1     3.00000     3.00000     5.00000     6.27999     9.00000
2024.2     3.00000     3.00000     5.00000     6.47359     9.00000
2024.3     3.00000     3.00000     5.00000     6.68075     9.00000
2024.4     3.00000     3.00000     5.00000     6.89679     9.00000
2025.1     3.00000     3.00000     5.00000     7.11798     9.00000
2025.2     3.00000     3.00000     5.00000     7.33881     9.00000
2025.3     3.00000     3.00000     5.00000     7.55656     9.00000
2025.4     3.00000     3.00000     5.00000     7.76916     9.00000
@                                                                             
@ Federal Government Budget                                                   
@                                                                             
PRINTVAR FIXEDF LEVELS THG TCG IBTG SIG TRFG DG;                              
 
          THG         TCG         IBTG        SIG         TRFG        DG      
         Level       Level       Level       Level       Level       Level  
2017.1   395.00000    52.92500    33.20000   315.67500    16.32500   -32.10000
2017.2   400.02500    56.35000    34.37500   318.77500    10.70000   -26.87500
2017.3   405.80000    60.32500    34.55000   322.57500    10.82500   -23.57500
2017.4   412.27500    60.75000    35.42500   327.27500    10.95000   -21.15000
2018.1   399.27500    51.62500    39.45000   332.22500    13.30000   -19.60000
2018.2   401.75000    56.80000    40.95000   334.65000    11.35000   -17.75000
2018.3   406.37500    57.25000    42.82500   338.77500    15.87500   -21.27500
2018.4   407.52500    59.30000    48.42500   340.85000     9.67500   -20.37500
2019.1   421.92500    50.70000    45.75000   348.80000     8.97500   -16.00000
2019.2   423.15000    53.97500    44.95000   350.65000     9.62500   -18.77500
2019.3   425.15000    49.22500    46.17500   352.50000    13.65000   -13.40000
2019.4   431.60000    56.55000    46.30000   357.25000     8.87500   -15.65000
2020.1   437.90000    45.77500    48.72500   363.77500     9.35000   -18.87500
2020.2   402.55000    44.45000    34.47500   346.32500     9.82500   -20.82500
2020.3   430.52500    54.60000    38.47500   358.05000    11.10000   -25.42500
2020.4   459.45000    56.62500    40.00000   366.25000    11.87500   -21.90000
2021.1   491.35000    62.40000    40.65000   368.70000    10.60000   -21.25000
2021.2   517.97500    70.35000    46.10000   376.07500    10.25000   -27.17500
2021.3   539.70000    69.60000    46.37500   384.07500     9.97500   -30.12500
2021.4   558.80000    76.20000    49.42500   394.52500     9.80000   -30.70000
2022.1   641.02500    78.45000    53.57500   404.27500     9.27500   -34.45000
2022.2   652.02500    88.30000    55.65000   410.80000    11.45000   -29.92500
2022.3   662.10000    91.12841    54.12500   417.72500     8.45000   -14.25000

2022.4   671.37290    90.48537    54.73558   422.57706     8.45000   -14.25000
2023.1   678.57041    90.12856    55.28860   425.63430     8.45000   -14.25000
2023.2   684.38720    90.27824    55.82156   427.62864     8.45000   -14.25000
2023.3   690.09996    91.48625    56.35387   429.54924     8.45000   -14.25000
2023.4   696.43576    93.57545    56.90291   431.92840     8.45000   -14.25000
2024.1   703.55796    95.95295    57.48230   434.88361     8.45000   -14.25000
2024.2   711.47887    98.40331    58.10155   438.42889     8.45000   -14.25000
2024.3   720.18390   100.87806    58.76657   442.53744     8.45000   -14.25000
2024.4   729.61293   103.32752    59.48066   447.16367     8.45000   -14.25000
2025.1   739.72256   105.74828    60.24560   452.26727     8.45000   -14.25000
2025.2   750.48445   108.16756    61.06229   457.81867     8.45000   -14.25000
2025.3   761.88202   110.62604    61.93111   463.79960     8.45000   -14.25000
2025.4   773.90829   113.16128    62.85228   470.20030     8.45000   -14.25000
PRINTVAR FIXEDF LEVELS PUG TRGH TRGR TRGS INTG IGZ;                           
 
          PUG         TRGH        TRGR        TRGS        INTG        IGZ     
         Level       Level       Level       Level       Level       Level  
2017.1   311.57500   503.95000     3.95000   140.70000   107.92500    68.22500
2017.2   314.27500   507.72500     8.65000   135.60000   110.52500    69.60000
2017.3   315.15000   512.25000     8.97500   140.72500   112.95000    69.90000
2017.4   321.40000   516.72500    11.62500   143.40000   115.50000    72.15000
2018.1   326.50000   528.32500     9.62500   145.30000   118.35000    72.85000
2018.2   331.57500   532.12500     9.57500   144.87500   124.07500    73.95000
2018.3   337.80000   536.67500     7.92500   145.42500   128.90000    75.45000
2018.4   342.07500   542.05000    11.35000   146.95000   133.90000    77.72500
2019.1   348.25000   561.42500    10.37500   148.10000   136.57500    80.70000
2019.2   351.30000   566.07500     9.52500   153.87500   138.50000    77.17500
2019.3   356.42500   569.90000     9.72500   152.60000   136.47500    80.55000
2019.4   359.42500   572.92500    11.02500   154.37500   133.02500    82.17500
2020.1   363.90000   586.02500    12.10000   159.65000   128.82500    83.60000
2020.2   390.00000   917.40000    15.95000   348.75000   125.20000    87.22500
2020.3   381.32500   669.57500    16.47500   184.27500   124.10000    89.47500
2020.4   385.32500   637.85000    12.20000   186.20000   127.45000    90.65000
2021.1   405.07500  1129.00000    15.50000   196.27500   132.77500    89.10000
2021.2   402.00000   730.90000    12.60000   413.42500   139.12500    89.75000
2021.3   398.87500   719.32500    19.12500   271.25000   143.97500    91.22500
2021.4   403.20000   719.87500    12.65000   231.17500   145.62500    92.27500
2022.1   403.27500   703.82500    15.27500   235.00000   145.82500    92.40000
2022.2   405.67500   700.95000    16.85000   240.12500   157.57500    93.60000
2022.3   414.20000   698.80000    22.35000   238.35000   178.87500    94.60000

2022.4   421.22840   711.07380    22.35000   240.75074   189.36490    96.26157
2023.1   428.05784   722.83901    22.35000   242.93228   201.18347    97.85428
2023.2   434.66975   733.86021    22.35000   244.82044   213.07276    99.34627
2023.3   441.19250   744.65501    22.35000   246.59266   225.27467   100.80762
2023.4   447.76662   755.78125    22.35000   248.43446   237.84227   102.31383
2024.1   454.50595   767.37736    22.35000   250.38909   250.64829   103.88366
2024.2   461.49174   779.50600    22.35000   252.47395   263.46049   105.52557
2024.3   468.77837   792.21120    22.35000   254.69991   276.30950   107.24553
2024.4   476.40090   805.53079    22.35000   257.07548   289.05895   109.04867
2025.1   484.38170   819.49770    22.35000   259.60732   301.69668   110.93944
2025.2   492.73507   834.13612    22.35000   262.29911   314.25157   112.92112
2025.3   501.47054   849.46631    22.35000   265.15312   326.74558   114.99644
2025.4   510.59497   865.50540    22.35000   268.17054   339.19911   117.16773
@                                                                             
@ State and Local Government Budget                                           
@                                                                             
PRINTVAR FIXEDF LEVELS THS TCS IBTS SIS TRGS DS;                              
 
          THS         TCS         IBTS        SIS         TRGS        DS      
         Level       Level       Level       Level       Level       Level  
2017.1   106.02500    13.92500   305.77500     4.95000   140.70000    -1.42500
2017.2   102.97500    13.65000   308.90000     4.95000   135.60000    -1.45000
2017.3   107.90000    13.52500   313.77500     4.95000   140.72500    -1.50000
2017.4   118.62500    13.52500   318.27500     5.00000   143.40000    -1.47500
2018.1   118.92500    13.95000   322.10000     5.05000   145.30000    -1.45000
2018.2   112.67500    15.27500   325.55000     5.10000   144.87500    -1.52500
2018.3   115.12500    15.32500   329.45000     5.15000   145.42500    -1.52500
2018.4   113.22500    15.82500   332.15000     5.15000   146.95000    -1.47500
2019.1   118.12500    18.40000   335.47500     5.20000   148.10000    -1.62500
2019.2   132.25000    18.62500   339.17500     5.20000   153.87500    -1.62500
2019.3   123.80000    18.35000   346.27500     5.17500   152.60000    -1.57500
2019.4   122.40000    18.02500   346.10000     5.17500   154.37500    -1.67500
2020.1   124.37500    16.92500   347.70000     5.17500   159.65000    -1.60000
2020.2   122.00000    16.25000   326.30000     4.95000   348.75000    -1.55000
2020.3   128.85000    20.22500   352.20000     5.12500   184.27500    -1.45000
2020.4   130.72500    21.20000   355.70000     5.32500   186.20000    -1.55000
2021.1   135.90000    22.00000   359.62500     5.50000   196.27500    -1.55000
2021.2   141.65000    22.57500   377.75000     5.67500   413.42500    -1.52500
2021.3   133.60000    23.60000   378.70000     5.80000   271.25000    -1.50000
2021.4   142.70000    27.62500   384.35000     5.85000   231.17500    -1.60000
2022.1   145.32500    41.47500   389.87500     5.85000   235.00000    -1.70000
2022.2   147.45000    27.45000   394.47500     5.90000   240.12500    -1.60000
2022.3   143.10000    28.32927   400.67500     5.97500   238.35000    -1.60000

2022.4   145.10416    28.00581   405.19502     6.00337   240.75074    -1.60000
2023.1   146.65976    27.78028   409.28884     6.03203   242.93228    -1.60000
2023.2   147.91694    27.72536   413.23428     6.06096   244.82044    -1.60000
2023.3   149.15164    28.00361   417.17485     6.09018   246.59266    -1.60000
2023.4   150.52100    28.55019   421.23927     6.11969   248.43446    -1.60000
2024.1   152.06033    29.17831   425.52835     6.14949   250.38909    -1.60000
2024.2   153.77228    29.81984   430.11249     6.17958   252.47395    -1.60000
2024.3   155.65370    30.45887   435.03549     6.20997   254.69991    -1.60000
2024.4   157.69160    31.07921   440.32174     6.24066   257.07548    -1.60000
2025.1   159.87660    31.67915   445.98442     6.27165   259.60732    -1.60000
2025.2   162.20257    32.26664   452.03014     6.30294   262.29911    -1.60000
2025.3   164.66594    32.85390   458.46186     6.33455   265.15312    -1.60000
2025.4   167.26518    33.45219   465.28108     6.36646   268.17054    -1.60000
PRINTVAR FIXEDF LEVELS PUS TRSH UB INTS SUBS ISZ;                             
 
          PUS         TRSH        UB          INTS        SUBS        ISZ     
         Level       Level       Level       Level       Level       Level  
2017.1   527.25000   156.65000     7.82500    55.47500     1.82500    94.87500
2017.2   528.55000   155.77500     7.40000    55.42500     2.10000    95.85000
2017.3   533.62500   159.45000     7.40000    54.85000     2.15000    97.12500
2017.4   543.02500   157.95000     7.57500    53.87500     2.00000   100.55000
2018.1   549.35000   159.47500     7.42500    52.35000     1.65000   101.17500
2018.2   558.85000   162.20000     6.75000    51.67500     1.67500   104.50000
2018.3   565.60000   163.02500     6.62500    51.90000     1.95000   104.62500
2018.4   567.00000   161.77500     6.95000    52.97500     2.57500   101.55000
2019.1   573.82500   164.17500     7.35000    55.00000     3.42500   105.70000
2019.2   584.80000   168.50000     6.72500    56.12500     3.67500   109.00000
2019.3   589.85000   171.07500     6.60000    56.32500     3.17500   108.12500
2019.4   596.05000   171.30000     6.92500    55.57500     1.97500   107.70000
2020.1   606.85000   168.77500    10.17500    53.90000     0.80000   111.80000
2020.2   597.95000   181.72500   251.87500    52.52500     0.55000   109.30000
2020.3   599.40000   191.52500   198.22500    51.62500     1.15000   107.95000
2020.4   604.12500   188.75000    77.12500    50.95000    -0.62500   110.50000
2021.1   617.10000   195.57500   139.05000    50.67500     1.02500   110.42500
2021.2   629.10000   205.97500   112.15000    50.12500     2.65000   109.50000
2021.3   646.90000   207.75000    61.27500    49.25000    -0.12500   111.27500
2021.4   658.47500   206.72500     8.45000    48.15000    -0.95000   113.45000
2022.1   674.55000   211.17500     5.90000    46.90000    -0.75000   114.92500
2022.2   697.50000   217.85000     4.65000    45.50000    -0.30000   116.10000
2022.3   704.32500   220.52500     4.65000    44.35000     0.45000   119.62500

2022.4   715.98637   224.39833     7.00000    44.35000     0.45000   120.82990
2023.1   727.28262   228.11115     7.00000    44.35000     0.45000   121.92479
2023.2   738.17080   231.58919     7.00000    44.35000     0.45000   122.87244
2023.3   748.87680   234.99577     7.00000    44.35000     0.45000   123.76189
2023.4   759.65341   238.50695     7.00000    44.35000     0.45000   124.68627
2024.1   770.70114   242.16642     7.00000    44.35000     0.45000   125.66728
2024.2   782.16119   245.99393     7.00000    44.35000     0.45000   126.71364
2024.3   794.12735   250.00340     7.00000    44.35000     0.45000   127.83082
2024.4   806.65963   254.20675     7.00000    44.35000     0.45000   129.02309
2025.1   819.79576   258.61438     7.00000    44.35000     0.45000   130.29379
2025.2   833.55940   263.23393     7.00000    44.35000     0.45000   131.64477
2025.3   847.96584   268.07178     7.00000    44.35000     0.45000   133.07716
2025.4   863.02583   273.13334     7.00000    44.35000     0.45000   134.59157
@                                                                             
@ Financial Saving of the Six Sectors                                         
@                                                                             
PRINTVAR FIXEDF LEVELS SH SF SB SR SG SS;                                     
 
          SH          SF          SB          SR          SG          SS      
         Level       Level       Level       Level       Level       Level  
2017.1   189.40400    19.10600    -6.22100    91.89400  -190.16100   -75.62100
2017.2   203.17100     5.93900     0.52000   109.25300  -197.82300   -80.51000
2017.3   235.13500    24.76200   -49.23900    94.03300  -205.70400   -73.83700
2017.4   179.01200  -192.11500   -45.23900    92.25500    44.12200   -62.13600
2018.1   196.01000    29.43300    -1.97300   100.02300  -237.37400   -60.71800
2018.2   202.32600    11.72000     5.78000    97.31300  -242.19600   -72.46900
2018.3   224.53600   -23.61100    16.54000   121.02900  -235.96800   -70.67700
2018.4   261.02100   -24.84800    11.03200   127.38500  -256.33700   -69.32800
2019.1   303.34100   -62.71500    27.22300   122.09400  -273.75800   -69.63300
2019.2   280.58700   -61.04800    26.69700   120.49600  -278.72600   -60.45500
2019.3   281.28500   -69.66800    37.75500   112.08600  -290.41900   -69.93800
2019.4   286.34400   -19.42600    22.99800   104.79600  -295.60500   -74.13300
2020.1   368.87400   -53.26900    26.50300   108.42300  -295.25600   -71.07400
2020.2  1168.72900    21.39400    22.22600   132.25500 -1374.37600    92.52200
2020.3   639.11100    48.46600    10.32400   166.91200  -869.91100   -45.27700
2020.4   491.24700   -32.60200    22.84400   190.86000  -523.06400   -35.91100
2021.1   935.27600    34.69300    28.65500   198.30600 -1104.70700   -35.07400
2021.2   384.73200    59.01700    35.01800   211.97200  -871.22700   185.23800
2021.3   320.73000    46.44400    16.91300   225.92100  -603.27300    25.26600
2021.4   220.62400   -41.86000    33.03100   228.86500  -406.62300    -4.41200
2022.1    82.45000  -148.30100    23.19600   279.50700  -175.24900     6.19900
2022.2    56.71700   -34.00600    26.38900   259.00600  -327.61400    98.80700
2022.3    78.96446    42.02229    24.18872   227.90000  -269.03974   -24.76073

2022.4   114.94024    23.74750    23.64855   235.32432  -288.17086   -30.21475
2023.1   143.23063    17.07730    23.04058   241.20643  -309.06582   -36.21412
2023.2   162.83516    21.29845    22.33284   245.88746  -330.83294   -42.24597
2023.3   178.21698    28.94709    21.58216   250.03488  -351.63552   -47.87059
2023.4   193.50743    34.92206    20.84732   254.27584  -371.24155   -53.03610
2024.1   209.36106    38.91088    20.12541   258.95470  -390.10093   -57.97612
2024.2   225.57731    41.35027    19.40770   264.07624  -408.31504   -62.82147
2024.3   241.95365    42.78818    18.68773   269.58720  -426.10284   -67.63893
2024.4   258.16815    43.82345    17.96183   275.37110  -443.55728   -72.49224
2025.1   274.04502    44.90551    17.22801   281.32359  -460.81007   -77.41706
2025.2   289.49699    46.32385    16.48452   287.35925  -477.95961   -82.42999
2025.3   304.49768    48.21698    15.72994   293.41901  -495.05179   -87.53682
2025.4   319.05617    50.63582    14.96291   299.46946  -512.10972   -92.73964
PRINTVAR FIXEDF LEVELS GDPR GDPD PCGDPR;                                      
 
          GDPR        GDPD        PCGDPR  
         Level       Level       Level  
2017.1  4472.30000     1.06987     1.73126
2017.2  4494.80000     1.07371     2.02762
2017.3  4532.02500     1.07909     3.35410
2017.4  4577.57500     1.08653     4.08129
2018.1  4609.30000     1.09320     2.80116
2018.2  4641.45000     1.10176     2.81934
2018.3  4674.92500     1.10629     2.91623
2018.4  4683.42500     1.11132     0.72927
2019.1  4708.87500     1.11562     2.19140
2019.2  4740.55000     1.12184     2.71793
2019.3  4782.75000     1.12549     3.60860
2019.4  4803.95000     1.12912     1.78486
2020.1  4747.47500     1.13305    -4.62011
2020.2  4344.70000     1.12993   -29.85634
2020.3  4685.95000     1.13970    35.31671
2020.4  4731.10000     1.14765     3.91014
2021.1  4804.07500     1.16120     6.31404
2021.2  4886.07500     1.17922     7.00434
2021.3  4918.17500     1.19711     2.65389
2021.4  5001.55000     1.21708     6.95536
2022.1  4981.05000     1.24173    -1.62944
2022.2  4973.85000     1.26906    -0.57694
2022.3  5005.42500     1.28178     2.56356

2022.4  5010.01301     1.29469     0.36715
2023.1  5005.92545     1.30642    -0.32595
2023.2  5002.67502     1.31658    -0.25947
2023.3  5008.88976     1.32611     0.49784
2023.4  5024.76186     1.33601     1.27355
2024.1  5046.49659     1.34652     1.74147
2024.2  5071.80897     1.35773     2.02148
2024.3  5099.22967     1.36970     2.18020
2024.4  5127.77903     1.38248     2.25838
2025.1  5156.97925     1.39610     2.29734
2025.2  5186.65018     1.41057     2.32136
2025.3  5216.78678     1.42592     2.34450
2025.4  5247.45582     1.44215     2.37238