Most economists say they expect that growth would have stalled in the fourth quarter and expanded by between two and two-point-five percent for the full year of 2022.Chief economist at Econometrix, Azar Jammine, says the mining and manufacturing sectors are expected to have weighed in on economic growth in the fourth quarter.
“Essentially, we have received fairly weak data with regard to mining and manufacturing production, and the retail sales have also not been great. So, there is a chance that the GDP for the fourth quarter of 2022 will come in negative, which is a contrast to the unexpectedly strong six percent growth of the third quarter of 2022.
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