The gross domestic product (GDP) grew 4 percent year-on-year in the fourth quarter, markedly slower than the 8.5 percent growth recorded in the third quarter.
Growth in exports of manufactured products slowed notably in the fourth quarter, primarily due to the decrease in the export of computers, electronic and optical products. The deceleration in GDP growth was also influenced by weakness in energy supply and real estate activities, the agency said.
Sequentially, GDP declined a seasonally and working-day adjusted 0.8 percent in the final three months of 2011, reversing the third quarter's 1 percent growth. In the whole of 2011, the economy expanded 7.5 percent from the previous year.
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