Forecasts of Selected Variables: April 30, 2023
@            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  5013.67500     3.24142  2197.10000     3.66841   828.17500    -0.09654
2022.4  5045.65000     2.57553  2205.80000     1.59334   829.47500     0.62937
2023.1  5058.97500     1.06055  2218.40000     2.30454   831.25000     0.85871

2023.2  5085.17842     2.08799  2228.41931     1.81886   831.08082    -0.08138
2023.3  5099.83783     1.15810  2237.94232     1.72036   830.50066    -0.27894
2023.4  5114.96137     1.19148  2247.36681     1.69516   830.21576    -0.13715
2024.1  5133.94608     1.49293  2256.78319     1.68655   830.36369     0.07129
2024.2  5153.05543     1.49720  2266.22444     1.68393   830.93770     0.27680
2024.3  5174.06238     1.64064  2275.73564     1.68937   831.90499     0.46645
2024.4  5196.93582     1.78008  2285.35788     1.70203   833.22798     0.63764
2025.1  5221.31039     1.88931  2295.13350     1.72201   834.87226     0.79169
2025.2  5247.04714     1.98630  2305.09796     1.74797   836.80581     0.92962
2025.3  5273.90233     2.06303  2315.27668     1.77803   838.99841     1.05221
2025.4  5301.72961     2.12733  2325.68657     1.81064   841.42188     1.16042
 
          CD          CD          IHH         IHH         IKF         IKF     
         Level      %Change      Level      %Change      Level      %Change 
2017.1   380.65000     2.45387   127.00805    12.69396   514.39826     6.37105
2017.2   384.90000     4.54140   127.83485     2.62946   521.25414     5.43872
2017.3   394.75000    10.63611   127.22400    -1.89773   525.17260     3.04103
2017.4   409.52500    15.83322   129.38059     6.95482   536.64044     9.02481
2018.1   412.05000     2.48918   128.14715    -3.75920   549.09267     9.60971
2018.2   417.62500     5.52279   129.17076     3.23360   558.39603     6.95146
2018.3   422.72500     4.97497   127.18478    -6.00955   562.83930     3.22107
2018.4   424.55000     1.73811   124.30946    -8.74092   565.69988     2.04852
2019.1   420.80000    -3.48662   124.02125    -0.92416   566.93928     0.87924
2019.2   429.87500     8.90952   125.10053     3.52666   576.09372     6.61698
2019.3   440.55000    10.30928   126.11465     3.28221   581.35963     3.70673
2019.4   448.80000     7.70369   126.47093     1.13482   577.23579    -2.80733
2020.1   435.57500   -11.27615   132.58549    20.78724   567.21748    -6.76361
2020.2   436.02500     0.41389   120.99439   -30.64513   522.53192   -27.98004
2020.3   520.87500   103.65191   136.53932    62.16983   540.29612    14.30786
2020.4   521.65000     0.59648   148.35055    39.35603   553.45698    10.10526
2021.1   572.12500    44.69278   154.16283    16.61703   566.77020     9.97464
2021.2   586.75000    10.62383   150.25710    -9.75537   584.59807    13.18828
2021.3   551.47500   -21.96473   147.86750    -6.21122   586.73323     1.46897
2021.4   558.37500     5.09947   148.99089     3.07372   587.53957     0.55085
2022.1   568.75000     7.64200   147.47416    -4.01025   599.18661     8.16828
2022.2   564.80000    -2.74922   137.34852   -24.76286   600.41394     0.82185
2022.3   563.60000    -0.84715   126.34520   -28.39570   609.80221     6.40276
2022.4   561.80000    -1.27139   116.38421   -27.99855   615.68427     3.91452
2023.1   584.17500    16.90819   115.13299    -4.23148   616.79669     0.72468

2023.2   579.55157    -3.12840   115.41602     0.98695   619.72579     1.91313
2023.3   575.62200    -2.68468   115.65200     0.82036   629.16395     6.23241
2023.4   572.32524    -2.27132   115.95364     1.04735   638.06714     5.78162
2024.1   569.61820    -1.87857   116.34627     1.36135   644.74842     4.25470
2024.2   567.45831    -1.50813   116.83922     1.70556   649.85640     3.20683
2024.3   565.82206    -1.14841   117.44000     2.07271   654.52710     2.90605
2024.4   564.69125    -0.79701   118.15306     2.45088   659.21779     2.89758
2025.1   564.05351    -0.45098   118.98245     2.83754   663.93546     2.89346
2025.2   563.89691    -0.11101   119.93185     3.23014   668.67162     2.88406
2025.3   564.20805     0.22089   121.00396     3.62398   673.47626     2.90527
2025.4   564.97214     0.54281   122.20085     4.01561   678.34542     2.92347
 
          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   968.22500    -7.33823
2022.4   954.52500    -5.54084
2023.1   961.47500     2.94441

2023.2   970.35843     3.74729
2023.3   976.87904     2.71513
2023.4   981.58148     1.93944
2024.1   985.18286     1.47568
2024.2   987.91445     1.11369
2024.3   990.09716     0.88670
2024.4   991.99617     0.76942
2025.1   993.78695     0.72405
2025.2   995.59350     0.72912
2025.3   997.49868     0.76765
2025.4   999.55833     0.82849
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     9.67500
2022.4    34.12500
2023.1    -0.40000

2023.2    17.29150
2023.3    14.77095
2023.4    10.47911
2024.1    10.00648
2024.2     9.20582
2024.3     9.03829
2024.4     9.29055
2025.1     9.76570
2025.2    10.46170
2025.3    11.18278
2025.4    11.86598
@                                                                             
@ Prices and Wages                                                            
@                                                                             
PRINTVAR FIXEDF PCHANGES GDPD PF WF WR ;                                      
 
          GDPD        PF          WF          WR      
        %Change     %Change     %Change     %Change 
2017.1     1.89015     1.95170     5.16071     3.14758
2017.2     1.44377     0.93749     1.42544     0.48342
2017.3     2.01927     1.80305     4.59902     2.74644
2017.4     2.78365     2.39560     3.95553     1.52344
2018.1     2.48116     2.27423     2.23944    -0.03402
2018.2     3.16643     3.18848     2.21545    -0.94297
2018.3     1.65456     1.58780     4.09079     2.46387
2018.4     1.83223     1.12186     1.65147     0.52373
2019.1     1.55624     1.51729     8.16082     6.54423
2019.2     2.25092     2.71134     1.77479    -0.91183
2019.3     1.30789     0.40313     1.11198     0.70601
2019.4     1.29500     0.92014     6.58014     5.60839
2020.1     1.39835     0.59493    12.41401    11.74918
2020.2    -1.09392    -3.95175    34.27310    39.79755
2020.3     3.50398     3.68596    -5.64699    -9.00116
2020.4     2.81766     3.33508     2.37162    -0.93237
2021.1     4.80585     5.01598    -3.67219    -8.27320
2021.2     6.35411     4.85299     8.72639     3.69412
2021.3     6.20871     8.09819     4.80567    -3.04586
2021.4     6.84051     7.95097     5.52475    -2.24752
2022.1     8.35029     8.26627     1.50764    -6.24260
2022.2     9.10090     9.44510     4.31595    -4.68651
2022.3     4.00211     4.10488     8.50378     4.22546
2022.4     4.28148     3.90244     6.32427     2.33087
2023.1     3.87348     4.69053     2.21251    -2.36699

2023.2     4.38214     4.40009     3.80979    -0.56542
2023.3     4.40095     4.31396     3.85678    -0.43827
2023.4     4.17249     4.07814     3.75901    -0.30663
2024.1     3.89636     3.82355     3.63545    -0.18117
2024.2     3.66731     3.58604     3.51928    -0.06445
2024.3     3.47366     3.39596     3.43873     0.04136
2024.4     3.33653     3.26236     3.40273     0.13594
2025.1     3.25403     3.18157     3.40860     0.22002
2025.2     3.21747     3.14651     3.45042     0.29464
2025.3     3.21918     3.14854     3.52083     0.36093
2025.4     3.25050     3.17973     3.61302     0.41994
@                                                                             
@ Interest Rates and Money                                                    
@                                                                             
PRINTVAR FIXEDF LEVELS RS RB RM M1 PCM1 ;                                     
 
          RS          RB          RM          M1          PCM1    
         Level       Level       Level       Level       Level  
2017.1     0.59000     3.96000     4.17333  3913.06800    21.42734
2017.2     0.89000     3.80000     3.98667  3990.54800     8.15848
2017.3     1.03667     3.65333     3.88667  4000.64200     1.01564
2017.4     1.20667     3.56000     3.92333  4043.57100     4.36179
2018.1     1.56000     3.74667     4.26883  4143.16500    10.22209
2018.2     1.84000     3.93667     4.54117  4103.08500    -3.81372
2018.3     2.04000     3.91000     4.57000  4113.00000     0.97010
2018.4     2.31667     4.12667     4.78000  4185.88300     7.27870
2019.1     2.38667     3.83000     4.36667  4146.91200    -3.67236
2019.2     2.30000     3.59333     4.00333  4245.30700     9.83408
2019.3     1.98000     3.10000     3.66667  4368.47900    12.12039
2019.4     1.57667     3.02667     3.70333  4456.56900     8.31324
2020.1     1.11000     2.91333     3.51333  5266.78200    95.06477
2020.2     0.14333     2.45667     3.23333  6005.02400    68.99646
2020.3     0.11333     2.23333     2.95000  6229.54600    15.81548
2020.4     0.09333     2.30333     2.76000  7403.96200    99.54054
2021.1     0.05000     2.73000     2.87667  7925.80600    31.31581
2021.2     0.02667     2.88333     3.00000  8337.86400    22.47444
2021.3     0.04667     2.55000     2.87000  8717.07000    19.47111
2021.4     0.05333     2.64667     3.08000  8957.20300    11.48271
2022.1     0.30667     3.20333     3.79333  9200.72100    11.32630
2022.2     1.07667     4.04333     5.24333  9438.88600    10.76321
2022.3     2.66333     4.24000     5.58000  9530.89400     3.95649
2022.4     4.04000     4.81000     6.69000  9332.17600    -8.08273
2023.1     4.62667     4.52000     6.35667  8918.14303   -16.60000

2023.2     5.00000     4.72199     6.71770  8998.04966     3.63246
2023.3     5.00000     4.91221     6.91815  9082.62965     3.81327
2023.4     5.00000     5.11490     7.07087  9167.17785     3.77583
2024.1     5.00000     5.30469     7.20469  9250.54973     3.68777
2024.2     5.00000     5.47948     7.32196  9333.28827     3.62596
2024.3     5.00000     5.63987     7.42472  9415.93276     3.58925
2024.4     5.00000     5.78693     7.51477  9499.46134     3.59589
2025.1     5.00000     5.92175     7.59368  9584.86033     3.64473
2025.2     5.00000     6.04533     7.66283  9672.98765     3.72881
2025.3     5.00000     6.15862     7.72343  9764.57635     3.84153
2025.4     5.00000     6.26247     7.77652  9860.21181     3.97558
@                                                                             
@ Unemployment Rate and Unemployment                                          
@                                                                             
PRINTVAR FIXEDF LEVELS UR100 U;                                               
 
          UR100       U       
         Level       Level  
2017.1     4.57839     7.34493
2017.2     4.37015     7.02692
2017.3     4.32852     6.98450
2017.4     4.18587     6.74519
2018.1     4.04321     6.54283
2018.2     3.94105     6.39774
2018.3     3.79991     6.17303
2018.4     3.84008     6.27219
2019.1     3.84210     6.30036
2019.2     3.64690     5.97560
2019.3     3.62610     5.97895
2019.4     3.60431     5.97255
2020.1     3.81573     6.31637
2020.2    13.00167    20.77759
2020.3     8.83481    14.32511
2020.4     6.77963    11.02705
2021.1     6.22703    10.10864
2021.2     5.92081     9.65833
2021.3     5.11687     8.37981
2021.4     4.22380     6.94691
2022.1     3.83176     6.31228
2022.2     3.65359     6.02489
2022.3     3.56839     5.89826
2022.4     3.61685     5.98902
2023.1     3.50211     5.82300

2023.2     3.36026     5.59886
2023.3     3.35126     5.59563
2023.4     3.41972     5.72162
2024.1     3.51386     5.89064
2024.2     3.61885     6.07796
2024.3     3.71769     6.25507
2024.4     3.80085     6.40594
2025.1     3.86509     6.52501
2025.2     3.90993     6.61145
2025.3     3.93699     6.66795
2025.4     3.94860     6.69837
@                                                                             
@ 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     0.88136     0.79711     4.23894   -26.08758     1.76855     2.94197
2017.2    -0.05305     2.04579     0.90762    -4.40548     1.71114     1.78326
2017.3     0.96505     1.09168     2.14959   -14.73732     1.12096     1.60305
2017.4     0.94901    -1.06482    -1.47254    65.33388     2.19263     0.06775
2018.1     2.67791     0.50728     1.71978     1.64034     2.52533     2.29203
2018.2     0.53852     0.50352     2.59916    -4.01172     1.53900     1.69296
2018.3    -1.01514     1.90239     0.22342     9.45369     1.38213     0.86742
2018.4     1.54616     2.01015     2.91010    -2.20696     2.03145     2.00368
2019.1     2.53557     0.06608     1.91562   -19.66498     0.57399     1.57183
2019.2    -1.59581    -0.19618     0.84189     3.59910     0.58437     0.49688
2019.3     0.58292     1.60580     5.13973    -6.79689     2.50826     2.60751
2019.4     1.12230     4.05054     1.15699   -26.39720     0.69675     2.07646
2020.1     0.53101    -0.29262    -1.37280   -37.35539    -3.53147    -1.26998
2020.2    -8.75050   -11.61180   -18.51199   222.41977   -40.27624   -41.70446
2020.3     2.98004     2.57667    11.79521   -41.35462    26.74991    27.52504
2020.4    -0.32288    -0.04591     3.86356   -73.47093     6.84535    10.61862
2021.1     1.08189     1.49421    -4.24736    79.64911     3.48836     1.58469
2021.2     1.82547     1.07506     2.77622    58.85941     5.08583     3.27225
2021.3     1.77549     1.07793     1.80105    26.35164     6.32761     5.06519
2021.4    -0.08033     1.93366     3.25860   -19.23955     5.38592     5.56143
2022.1     1.40523     2.68434    -1.68815    54.62513     4.34587     2.28565
2022.2     0.43988     1.25066    -0.31800    66.60405     3.60068     1.14275
2022.3     0.10909     1.52415     1.24838    42.74279     3.00890     1.29082
2022.4    -0.26762    -1.27573     3.30493    42.36181     2.35004     0.50979
2023.1     1.92301     2.09754     1.03535     9.58022     2.31702     2.13113

2023.2     0.40258     0.41397     1.58660     6.83123     1.82265     1.42356
2023.3     0.41069     0.44494     1.56390     6.18269     1.19154     0.87613
2023.4     0.40337     0.43646     1.50594     5.12597     0.75724     0.53062
2024.1     0.39090     0.41715     1.43681     4.03888     0.54291     0.39011
2024.2     0.37635     0.39521     1.36352     3.01788     0.39373     0.30760
2024.3     0.36311     0.37859     1.29415     2.15821     0.33261     0.29854
2024.4     0.35295     0.37078     1.23330     1.49639     0.33264     0.33558
2025.1     0.34641     0.37197     1.18256     1.02666     0.36687     0.39375
2025.2     0.34342     0.38108     1.14216     0.72796     0.42159     0.46126
2025.3     0.34354     0.39628     1.11131     0.56998     0.48467     0.52848
2025.4     0.34619     0.41567     1.08886     0.52236     0.54983     0.59128
@                                                                             
@ Profits and Productivity                                                    
@                                                                             
PRINTVAR FIXEDF LEVELS PCHANGES PIEF PROD100 ;                                
 
          PIEF        PIEF        PROD100     PROD100 
         Level      %Change      Level      %Change 
2017.1   325.41089    23.30315     6.79376   -99.00000
2017.2   324.65200    -0.92959     6.78759    -0.36279
2017.3   321.53600    -3.78427     6.86343     4.54477
2017.4   273.33500   -47.77691     6.88025     0.98369
2018.1   306.05900    57.19533     6.89513     0.86792
2018.2   317.56264    15.90362     6.91964     1.42948
2018.3   328.67700    14.75184     6.94616     1.54151
2018.4   327.59400    -1.31151     6.92742    -1.07463
2019.1   297.96600   -31.55794     6.98508     3.37117
2019.2   304.05600     8.42950     7.00982     1.42428
2019.3   299.16400    -6.28200     7.04520     2.03422
2019.4   331.78960    51.29123     7.08252     2.13588
2020.1   296.50570   -36.22050     7.09122     0.49243
2020.2   289.82500    -8.71253     7.48269    23.97873
2020.3   440.40000   433.14564     7.53610     2.88561
2020.4   426.95529   -11.66346     7.43651    -5.18223
2021.1   493.09800    77.91122     7.50108     3.51891
2021.2   560.59700    67.05909     7.53073     1.59021
2021.3   548.60600    -8.28526     7.45817    -3.79844
2021.4   538.60000    -7.09840     7.48634     1.51949
2022.1   574.48000    29.42979     7.37735    -5.69753
2022.2   626.82900    41.74138     7.32085    -3.02855
2022.3   580.68697   -26.35013     7.34194     1.15725
2022.4   543.60900   -23.19699     7.38988     2.63783
2023.1   572.63443    23.12983     7.34807    -2.24445

2023.2   579.49437     4.87864     7.34607    -0.10834
2023.3   581.85871     1.64202     7.34289    -0.17339
2023.4   586.94959     3.54594     7.34862     0.31254
2024.1   596.22699     6.47394     7.36315     0.79356
2024.2   605.51449     6.37795     7.38098     0.97167
2024.3   617.57901     8.21113     7.40248     1.17066
2024.4   631.95644     9.64238     7.42652     1.30505
2025.1   647.74265    10.37264     7.45202     1.38093
2025.2   664.47742    10.74163     7.47845     1.42624
2025.3   681.88180    10.89590     7.50536     1.44664
2025.4   699.90126    10.99686     7.53250     1.45448
@                                                                             
@ Some other endogenous variables                                             
@                                                                             
PRINTVAR FIXEDF LEVELS CG SRZ100 SR SGP SSP;                                  
 
          CG          SRZ100      SR          SGP         SSP     
         Level       Level       Level       Level       Level  
2017.1  1624.52200     7.28338    91.89300  -177.10000   -60.87500
2017.2  1042.95300     7.78434   109.25300  -181.60000   -65.85000
2017.3  1065.32900     7.74930    94.03400  -184.92500   -57.87500
2017.4  1846.61300     7.07028    92.25500  -190.87500   -43.07500
2018.1    47.36700     7.39178   100.02200  -221.57500   -41.60000
2018.2   621.14700     7.47438    97.31400  -226.17500   -51.32500
2018.3  1275.77400     7.82713   121.03100  -220.10000   -52.05000
2018.4 -4323.66700     8.44770   127.38400  -239.40000   -54.02500
2019.1  4958.15900     9.58596   122.09400  -257.02500   -49.72500
2019.2  1277.32100     8.93208   120.49700  -263.05000   -39.22500
2019.3   148.62300     8.91011   112.08800  -271.92500   -50.42500
2019.4  2443.55500     8.98728   104.80800  -260.27500   -55.42500
2020.1 -7381.30500    11.06287   108.43500  -272.57500   -49.20000
2020.2  5879.67300    27.08387   132.27000 -1347.12500   110.15000
2020.3  3262.54000    16.86638   166.92800  -843.12500   -29.85000
2020.4  6413.23100    14.06394   190.90000  -494.62500   -18.07500
2021.1  3028.31500    20.83965   198.17800 -1030.10000   -18.67500
2021.2  3583.13900    11.09468   212.00300  -845.67500   198.20000
2021.3   858.77200     9.33979   225.95400  -578.65000    36.05000
2021.4  2965.16300     7.46011   228.88300  -381.02500     8.65000
2022.1 -2615.03200     4.41319   279.37200  -232.22500    16.80000
2022.2 -7902.68600     3.27906   259.13700  -220.00000    -9.55000
2022.3 -1876.23300     3.32099   235.30600  -253.90000   -20.07500
2022.4  2883.46700     4.06963   226.14800  -296.42500   -41.97500
2023.1  2700.00000     4.93869   225.12500  -403.14714   -36.69993

2023.2   697.73036     5.39690   234.71162  -420.45244   -38.88389
2023.3   709.64690     5.68681   241.85265  -437.81008   -41.62023
2023.4   721.61768     5.89692   247.52679  -455.50364   -44.47034
2024.1   733.37487     6.07453   252.54069  -472.83573   -47.28498
2024.2   744.86699     6.21578   257.12010  -490.16760   -50.16514
2024.3   756.10624     6.33833   261.48588  -507.13287   -53.00756
2024.4   767.16235     6.44951   265.77296  -523.53958   -55.81212
2025.1   778.12809     6.55600   270.14427  -539.73384   -58.59081
2025.2   789.09582     6.65960   274.64321  -555.75737   -61.35422
2025.3   800.14983     6.76045   279.28381  -571.66497   -64.11261
2025.4   811.36241     6.85826   284.06088  -587.48237   -66.87277
@                                                                             
@ 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     5.46414     5.60836    14.60125    -0.89576    -4.10807
2022.4     8.45784     3.63092    -3.72686     5.96265    -5.46672
2023.1    10.85609     1.78720     4.82679    12.35866    -1.16171

2023.2     2.00000     2.00000     3.00000     7.51360     5.00000
2023.3     2.00000     2.00000     3.00000     7.53298     5.00000
2023.4     2.00000     2.00000     3.00000     7.29766     5.00000
2024.1     2.00000     2.00000     3.00000     7.01325     5.00000
2024.2     2.00000     2.00000     3.00000     6.77733     5.00000
2024.3     2.00000     2.00000     3.00000     6.57787     5.00000
2024.4     2.00000     2.00000     3.00000     6.43663     5.00000
2025.1     2.00000     2.00000     3.00000     6.35165     5.00000
2025.2     2.00000     2.00000     3.00000     6.31399     5.00000
2025.3     2.00000     2.00000     3.00000     6.31575     5.00000
2025.4     2.00000     2.00000     3.00000     6.34801     5.00000
@                                                                             
@ 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   649.65000    88.30000    55.65000   409.20000    11.45000   -29.92500
2022.3   660.42500    85.15000    54.32500   419.42500     8.85000   -14.25000
2022.4   662.52500    83.05000    51.87500   425.67500    11.07500    -3.07500
2023.1   604.65000    85.17786    51.10000   433.82500     9.22500    -0.15000

2023.2   615.03299    86.57667    51.75483   440.50791     9.22500    -0.15000
2023.3   624.27977    87.66650    52.41006   446.19232     9.22500    -0.15000
2023.4   632.89345    88.95012    53.06147   451.31701     9.22500    -0.15000
2024.1   641.25374    90.52798    53.70750   456.23060     9.22500    -0.15000
2024.2   649.31501    92.09781    54.34924   460.89328     9.22500    -0.15000
2024.3   657.27962    93.86538    54.99117   465.47684     9.22500    -0.15000
2024.4   665.27290    95.80246    55.63888   470.09760     9.22500    -0.15000
2025.1   673.41422    97.84880    56.29797   474.82499     9.22500    -0.15000
2025.2   681.77780    99.97612    56.97352   479.71626     9.22500    -0.15000
2025.3   690.41287   102.16885    57.66980   484.80695     9.22500    -0.15000
2025.4   699.35496   104.42709    58.39024   490.12289     9.22500    -0.15000
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   414.27500   699.37500    25.85000   238.35000   178.80000    94.72500
2022.4   423.45000   709.57500    19.75000   238.32500   206.72500    96.97500
2023.1   434.95000   730.55000    19.32500   245.12500   225.15000    98.75000

2023.2   440.99765   743.90213    19.32500   247.76740   240.03751   100.55484
2023.3   447.13423   757.53241    19.32500   250.44956   253.46480   102.39727
2023.4   453.19919   770.99007    19.32500   253.02214   266.55565   104.21637
2024.1   459.15467   784.16630    19.32500   255.45159   279.60543   105.99743
2024.2   465.00593   797.12776    19.32500   257.76210   292.50159   107.74946
2024.3   470.78842   809.92480    19.32500   259.97197   305.36495   109.47926
2024.4   476.54827   822.65450    19.32500   262.11386   318.05975   111.19996
2025.1   482.33098   835.41743    19.32500   264.22064   330.90092   112.92515
2025.2   488.17805   848.30326    19.32500   266.32077   343.89094   114.66696
2025.3   494.12501   861.39142    19.32500   268.43871   357.02941   116.43611
2025.4   500.20125   874.74785    19.32500   270.59401   370.30097   118.24153
@                                                                             
@ 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   148.70000    25.17500   398.55000     5.97500   238.35000    -1.55000
2022.4   145.55000    29.27500   399.62500     6.12500   238.32500    -1.60000
2023.1   130.35000    30.02507   403.85000     6.35000   245.12500    -1.60000

2023.2   132.58836    30.35238   409.02524     6.37949   247.76740    -1.60000
2023.3   134.58177    30.56500   414.20356     6.40927   250.44956    -1.60000
2023.4   136.43870    30.84957   419.35173     6.43934   253.02214    -1.60000
2024.1   138.24101    31.24383   424.45744     6.46970   255.45159    -1.60000
2024.2   139.97885    31.63988   429.52915     6.50037   257.76210    -1.60000
2024.3   141.69585    32.10922   434.60244     6.53134   259.97197    -1.60000
2024.4   143.41904    32.63989   439.72136     6.56261   262.11386    -1.60000
2025.1   145.17414    33.20854   444.93021     6.59420   264.22064    -1.60000
2025.2   146.97715    33.80328   450.26918     6.62609   266.32077    -1.60000
2025.3   148.83870    34.41692   455.77197     6.65830   268.43871    -1.60000
2025.4   150.76643    35.04807   461.46571     6.69082   270.59401    -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   709.00000   222.67500     4.62500    44.10000     0.45000   122.50000
2022.4   720.40000   238.25000     5.10000    43.00000     1.62500   125.85000
2023.1   726.57500   225.90000     5.70000    42.00000     2.27500   127.72500

2023.2   736.45729   230.02873     7.00000    42.00000     2.27500   129.10185
2023.3   746.51026   234.24348     7.00000    42.00000     2.27500   130.49942
2023.4   756.46941   238.40484     7.00000    42.00000     2.27500   131.83989
2024.1   766.27540   242.47918     7.00000    42.00000     2.27500   133.10578
2024.2   775.93612   246.48712     7.00000    42.00000     2.27500   134.30970
2024.3   785.51130   250.44420     7.00000    42.00000     2.27500   135.46117
2024.4   795.07958   254.38047     7.00000    42.00000     2.27500   136.57723
2025.1   804.71852   258.32701     7.00000    42.00000     2.27500   137.67499
2025.2   814.49859   262.31156     7.00000    42.00000     2.27500   138.76928
2025.3   824.47983   266.35866     7.00000    42.00000     2.27500   139.87286
2025.4   834.71179   270.48873     7.00000    42.00000     2.27500   140.99590
@                                                                             
@ 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   189.78900    18.35400    -5.84700    91.89300  -190.28900   -75.49900
2017.2   202.66000     5.89800     1.10000   109.25300  -197.94100   -80.41900
2017.3   234.82700    22.31500   -46.43300    94.03400  -205.83600   -73.75600
2017.4   179.48600  -215.47100    -5.47400    92.25500    27.13800   -62.03400
2018.1   196.34500    21.96400     5.27600   100.02200  -237.64500   -60.56200
2018.2   201.63000     4.30100    14.02800    97.31400  -242.44200   -72.35500
2018.3   224.29900   -22.24800    15.55100   121.03100  -236.13900   -70.64300
2018.4   261.95100    -8.26100    -6.36000   127.38400  -256.70100   -69.08900
2019.1   303.33100   -26.11100    -9.27900   122.09400  -274.08600   -69.39800
2019.2   279.87400   -14.66000   -18.82800   120.49700  -279.01000   -60.32300
2019.3   281.06700   -16.03200   -15.37200   112.08800  -290.97600   -69.67400
2019.4   287.58300    32.14400   -29.29000   104.80800  -296.54100   -73.73000
2020.1   369.44800   -15.55900   -10.07700   108.43500  -297.80000   -70.24800
2020.2  1165.71300    53.04700    -7.25800   132.27000 -1373.95500    92.93400
2020.3   643.67000    61.93100    -9.11900   166.92800  -868.87400   -44.91000
2020.4   491.12100    -5.42400    -5.65400   190.90000  -521.82900   -35.73900
2021.1   936.30000    59.78900     6.71700   198.17800 -1108.88300   -34.95100
2021.2   382.27000    88.51600     4.10500   212.00300  -867.25000   185.10500
2021.3   318.42400    76.59900   -15.10000   225.95400  -598.85000    24.97300
2021.4   214.71500    -9.92200     3.26600   228.88300  -402.86500    -4.45200
2022.1    74.44500  -120.89600    -0.07700   279.37200  -170.77600     5.73200
2022.2    39.57200     5.06400    -8.87300   259.13700  -327.23600    98.18800
2022.3    89.29400    73.73300   -44.16900   235.30600  -278.84100   -15.89600
2022.4   119.14000    22.16700    -9.22300   226.14800  -322.81100   -35.69700
2023.1   167.00607   100.71556   -10.88102   225.12500  -410.37468   -71.89193

2023.2   197.91985    80.73134   -11.67886   234.71162  -428.06286   -73.92209
2023.3   220.62660    72.02059   -12.48991   241.85265  -445.81427   -76.49665
2023.4   239.00946    69.55712   -13.32861   247.52679  -463.90695   -79.15881
2024.1   255.33125    69.42205   -14.19716   252.54069  -481.64190   -81.75593
2024.2   269.34398    72.09718   -15.08874   257.12010  -499.38097   -84.39256
2024.3   281.93874    76.00545   -16.00464   261.48588  -516.75826   -86.96816
2024.4   293.51773    80.42192   -16.94379   265.77296  -533.58302   -89.48680
2025.1   304.47307    85.15382   -17.90505   270.14427  -550.20271   -91.96440
2025.2   314.93166    90.08733   -18.88807   274.64321  -566.66037   -94.41476
2025.3   324.92828    95.24237   -19.89270   279.28381  -583.01205   -96.85070
2025.4   334.46737   100.65549   -20.91924   284.06088  -599.28468   -99.28084
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  5013.67500     1.28157     3.24142
2022.4  5045.65000     1.29508     2.57553
2023.1  5058.97500     1.30744     1.06055

2023.2  5085.17842     1.32153     2.08799
2023.3  5099.83783     1.33584     1.15810
2023.4  5114.96137     1.34956     1.19148
2024.1  5133.94608     1.36252     1.49293
2024.2  5153.05543     1.37484     1.49720
2024.3  5174.06238     1.38663     1.64064
2024.4  5196.93582     1.39805     1.78008
2025.1  5221.31039     1.40929     1.88931
2025.2  5247.04714     1.42049     1.98630
2025.3  5273.90233     1.43179     2.06303
2025.4  5301.72961     1.44328     2.12733