However, when adjusted for season and calendar effects, GDP actually declined by 0.4%.
According to provisional estimates, the GDP was affected by a drop of 1.2 % in producing sectors and of 0.2 % in services sectors. Collected taxes on products increased by 1.5 %, but the volume of product subsidies (which have the effect of reducing GDP) dropped by 45.4 %.
The quarter-on-quarter data showed an even more negative trend. Compared to the first quarter of 2024, GDP fell by 1....