After a 0.6% year-on-year increase in Q4 of 2011, the economy contracted 0.7% in Q1 of 2012. GDP is expected to shrink 0.8% this year and forecast to rebound modestly in 2013.
After a 0.6% year-on-year increase in Q4 of 2011, the economy contracted 0.7% in Q1 of 2012. GDP is expected to shrink 0.8% this year and forecast to rebound modestly in 2013.
