Gross domestic product (GDP) advanced 7.9% sequentially, partially offsetting the 9% decline posted in the second quarter. The statistical office raised the Q3 growth estimate from 7.7%.
Year-on-year, GDP contracted by revised 1.5% versus an 8.4% decline in the previous quarter. According to initial estimate released on November 13, GDP was down 1.6%. The annual fall was driven by a 3.2% decline in domestic uses.
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