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Private research showed that the lowest GDP fall in October was not sustainable in November



It is true that when measuring consultant Orlando Ferreres and Asotsiados, the statistical effect of comparison with the second largest peak of activity in more than 10 years was strongly gravitating.

"The result of the eleventh month was strongly conditioned
Industrial Dynamics, an activity segment that reported a decline of more than 9%. then Expressed in the commercial category (compared with November 2017, it decreased by 10.8%)“This was mainly affected by the reduction in wholesale trade, which suffers not only from a decline in national production, but also from a decline in import revenues,” say economists from a private study.

These two points, which cannot be compensated by the emerging agrarian industry, explain that commercial activity in November falls among the three most recessive sectors.

At the opposite extreme, although with very modest growth rates were located agriculture, financial activities and mining; and in practice, the public and private services and government sectors have stagnated at the level of the previous year.

Maintaining high interest rates caused by the tight monetary policy of the Central Bank, combined with the limited ability of companies to accept wage increases so as not to affect the level of employment in their enterprises, would determine that December also ends with a negative sign, although with a clearly heterogeneous picture, similar to that observed in November, this was also reflected in the work expectations review of the National Employment Secretariat.


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