性视界’s real gross domestic product declined at an annualized rate of 1.8% in the three months through September, the first contraction in the economy in six quarters.
The fall was less pronounced than expected. Economists and analysts polled by Reuters had been anticipating a 2.5% fall.
The third-quarter figure was down 0.4% on quarter. While private consumption rose by 0.1% and corporate investments were up 1% quarter on quarter, weaker domestic demand and sluggish exports drove the overall decline.
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