+++ Q4 GDP -0.3% +++ Triple Dip Looming

  • Output of production industries decreased by 1.8% in Q4 2012 compared with Q3 2012.
  • Construction sector output increased by 0.3% in Q4 2012 compared with Q3 2012.
  • Output of service industries was estimated to have been flat in Q4 2012 compared with Q3 2012.
  • GDP was estimated to have been flat in Q4 2012, when compared with Q4 2011.
  • GDP is estimated to have been flat between 2011 and 2012.

Significantly worse than expected…




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