Recent Economic Developments, 124

13/07/2009
All Press Releases In Subject:
The Economy and Economic Activity

Recent Economic Developments, 124

Overview:

The slowdown in economic activity which began in the second half of 2008 continued during the period reviewed—January to April 2009. National Accounts figures for Q1 indicate that the slowdown intensified, due to the steep drop in exports and a decline in private consumption. However, according to most of the recent indicators of the state of the economy, the rate at which the economy contracted moderated at the end of the period reviewed (March–April).

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