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FXMAG>Articles>Economy>GDP Contraction in Q1...
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GDP Contraction in Q1 2023 Driven by Inventory Reduction and Service Imports Growth. Trade Balance Impacted by Increased Service Imports

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GDP Contraction in Q1 2023 Driven by Inventory Reduction and Service Imports Growth. Trade Balance Impacted by Increased Service Imports
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Table of contents

  1. GDP first quarter 2023: contraction due to inventory reduction and growth in service imports
    1. GDP outlook: sluggish growth in quarters ahead
      1.  
        1. Sectors: contraction in ICT, recreation & culture and industry in first quarter
          1. Trade balance: especially higher service import worsened the trade balance
            1. Exports: while total exports fell businesses also became negative about export order book
              1. Investment: still solid investment growth
                1. Profitability: indication of higher profitability, but especially smaller businesses are still negative about it

                  GDP first quarter 2023: contraction due to inventory reduction and growth in service imports

                   

                  gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 1 ✕gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 1

                   

                  gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 2 ✕gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 2

                   

                  GDP outlook: sluggish growth in quarters ahead

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                  gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 3 ✕gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 3

                   

                   

                  Sectors: contraction in ICT, recreation & culture and industry in first quarter

                   

                  gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 4 ✕gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 4

                   

                  Trade balance: especially higher service import worsened the trade balance

                   

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                  gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 5 ✕gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 5

                   

                  Exports: while total exports fell businesses also became negative about export order book

                  gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 6 ✕gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 6

                   

                  Investment: still solid investment growth

                   

                  gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 7 ✕gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 7

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                  Profitability: indication of higher profitability, but especially smaller businesses are still negative about it

                  gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 8 ✕gdp contraction in q1 2023 driven by inventory reduction and service imports growth trade balance impacted by increased service imports grafika numer 8

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                  Topics

                  gdptrade balanceexportsoutlookprofitabilityfirst quartercontractiongrowthsectorsindustryinvestment2023inventory reductionservice importssluggish growthICTrecreation & cultureservice importexport order booksmaller businesses
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