In a positive development, the gross domestic product showed a 0.1% increase between September and December compared to the previous quarter, surpassing earlier predictions of stagnation.
Improved Performance Surprises Analysts
Economists were taken aback by the better-than-expected performance of the economy, with the growth rate exceeding their projections for the final months of the year.
Factors Driving the Growth
The unexpected boost in economic activity was attributed to increased consumer spending, robust exports, and a surge in investments across various sectors, contributing to the overall expansion.
Impact on Financial Markets
The news of the accelerated economic growth has positively influenced financial markets, leading to a rise in stock prices and a strengthening of the national currency against major counterparts.
