GDP down 14.4% yoy in November
16 December 2008
According to the State Statistics Committee, real gross domestic product tumbled 14.4% yoy in November. In 11M08, GDP grew 3.6% yoy. November’s contraction concerned practically every sector of the economy. The only sector to show sustainable growth amid the crisis was agriculture which surged 18% yoy in 11M08. For more, see our flash note later today.
