GDP for 2015 was 1.7% vs 1.6% exp in early estimates from the Federal stats office
– Prior1.6%
– Exports 5.4% y/y
– Imports 5.7% y/y
– Private consumption 1.9% y/y
The higher rate of spending from both private and the state is, for now, offsetting the slip in trade. That’s being blamed on the emerging market slowdown