摘要：The fourth-quarter data for 2008 and for the three
previous quarters lead us to postulate an initial growth
estimate for 2008 as a whole. This reveals a negative
result of 0.9% – in other words, an economic recession.
The latest forecasts from STATEC, presented in the
previous month’s Conjoncture Flash, had already taken
into account the marked deterioration in activity
indicators from October on. These forecasts, however, still
predicted a positive figure for 2008 – albeit very low, at
only 0.7%. From this standpoint, the national accounts for
the 4th quarter reveal even more extensive and faster drops
in activity than anticipated, which weigh on the annual
result.
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