GDP rose by 2.6% in the second quarter, a marked improvement compared to the (revised) rate of 1.1% registered in Q1. But apart from the fact that seasonally and working day adjusted GDP only grew by 1.8% year-on-year, the structure of growth is not without problems, either.
The second quarter saw the fall in investments by 20.3% year-on-year, which came as a negative surprise compared to the expected decrease of 9-10%.
According to the preliminary data, GDP rose by 2.6% in the second quarter, a marked improvement compared to the 0.9% seen in Q1.
According to the final data, unadjusted GDP grew by 0.9% year-on-year.
The first quarter of 2016 saw a drastic contraction of investments, at a rate of 9.6% year-on-year.
According to the preliminary data, GDP grew by only 0.9% y-o-y, and the seasonally and working day adjusted growth rate is even lower, 0.5%.
According to the preliminary data, industrial production fell in March by 4.6% against the same month of 2015.
The final data confirmed that GDP grew by 3.2% in Q4 and 2.9% in 2015 as a whole.
According to the preliminary data, industrial production eased by 0.2% in January year-on-year.
In the last quarter of 2015, investment rose by a respectable 7% on an annual basis.