Recent Economic Developments, 98

05/08/2002
All Press Releases In Subject:
The Economy and Economic Activity

Recent Economic Developments, 98

Overview:

The economic indicators relating to the first half of 2002 (henceforth, the period reviewed) show that the economic recession continued. The relevant data do not yet enable the claim to be made that the level of activity has stabilized, but it appears that the rate of deterioration has eased. The rate of unemployment rose slightly to 10.6 percent, manufacturing exports showed no change of any significance, while manufacturing production and imports of intermediates increased somewhat.

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