The result would be a 1.3
percent economic contraction in the first half of 2013 and «probably be judged to be a recession,» it said.
Not exact matches
In the Gulf Cooperation Council (GCC) in 2017, overall growth fell by 0.2
percent with Saudi Arabia seeing its first
economic contraction since 2009.
He noted that the baseline scenario for tests in 2015 — which projected an
economic contraction of 2.3
percent for that year — was more dramatic than the 1.3
percent contraction used in the most conservative scenario in the current tests.
Greek budgets include tax hikes and spending cuts by more than $ 4.5 billion, a debt increase to more than 200
percent of GDP, an
economic contraction of 1.3
percent and a new rise in unemployment by almost one percentage point to 25.4
percent.
It will require a great deal of
economic contraction for the assertion of «eighty
percent» to be realized.