"A Serious Disappointment" - Analysts on the Latest GDP Data
4 Articles
4 Articles
According to analysts, the agricultural crisis, and thus its economic slowdown, may have been greater than previously thought.
Agriculture may have performed much weaker than expected due to the severe drought. Analysts are maintaining their annual forecasts, but some have also lowered their expectations for next year.
Severe drought and heat waves have hit agriculture, which accounts for 2.8-2.9 percent of GDP, to such an extent that its impact is being felt on overall performance. Industry is strengthening thanks to some large investments, but analysts reported serious disappointment and a state close to stagnation after the publication of the GDP data.
Due to the drought, agriculture may have significantly worsened its economic performance.
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