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Podcast: Beyond Currency
Episode: 13 December 2022 - Outlook still bleak
Description: The monthly GDP data that was published yesterday showed that the economy bounced back to grow at 0.5% following a 0.6% contraction in September.
Despite the positive data, the economy is still facing a recession that will probably start in the current quarter.
The country faces a significant weakening of its economy this month due to the freezing weather that is engulfing the country, as well as strikes by workers from numerous sectors. Nurses, firemen, ambulance crews, and train drivers are among those who will walk off the job during this month and early next. The Government has drafted in the army...