Tuesday, May 13, 2008

Expert poll estimates GDP growth at 5.6% y/y in Q1.

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Expert poll estimates GDP growth at 5.6% y/y in Q1. Consensus estimates of analysts polled by CTK point to a GDP growth rate of 5.6% y/y in Q1, decelerating by 1pp against the previous quarter. The economic growth slowdown reflects weakening domestic and external demand, lower number of working days, healthcare reform effects and appreciating local currency, among others. Growth slowdown is already seen in declining industrial production, worse than expected foreign trade data and lower than anticipated fall in unemployment rate. The statistical office is to release flash GDP estimates for Q1 on May 15 and preliminary data on June 10.

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Agriculture:

Expert poll estimates GDP growth at 5.6% y/y in Q1.

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