This morning the Mayor announced that in 2014 GDP fell by 0.4% (the past year has had two working days less than in 2013), and that the variation acquired for 2015 amounted to -0.1%. In the fourth quarter of 2014 gross domestic product (GDP) was unchanged from the previous quarter and decreased by 0.3% compared to the fourth quarter of 2013 (there were two working days less than the previous quarter).
The short-term change, says the National Institute of Statistics, is the synthesis of a decrease in the value added in the sectors of agriculture and industry and an increase in services. On the demand side, the negative contribution of the national component (gross inventories) is offset by a positive contribution from net exports. By making a comparison with other nations, it is recalled that the GDP increased by 0.7% in quarterly terms in the United States and 0.5% in the UK while in trend terms there was an increase of 2.5% in United States and 2.7% in the UK.
February 13, 2015 10:53 – Last Updated: 18:36
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