The GDP fall in 1Q was driven mainly by investment, which declined by -15% QoQ, including fixed investment, which contracted by 10% QoQ. Not surprisingly, household consumption was hit less, falling by 2% QoQ, but stagnating in year-on-year terms.
The GDP fall in 1Q was driven mainly by investment, which declined by -15% QoQ, including fixed investment, which contracted by 10% QoQ. Not surprisingly, household consumption was hit less, falling by 2% QoQ, but stagnating in year-on-year terms.
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