Gross fixed capital formation sharply slowed (0.6% vs 9.1% in Q4), as well as the household consumptions (0.9% vs 1.2%). Meanwhile, government spending continued to grow (5.1% vs 4.8%). Net external trade maintained its growth (0.2%), with exports (-0.6%) falling less than imports (-0.9%).
On a seasonally adjusted quarterly basis, the economy stalled in Q1 of 2024, following a 1.1% growth in the preceding quarter.
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