The GDP in the third quarter grew respectably at 5.0% from the same quarter last year. I think it is the most satisfying growth in a long time. I have not checked for the base effect but consumption grew strongly and net exports did well. It was a plain old growth in the simplest terms, no mathematical quirks. I cannot say much, because I have written most of the stuff I wanted say for work.
But I can share you this chart, which shows what contributed to the GDP growth.
It was a good quarter. Growth with solid foundation, domestically and externally. And it is pretty much close to my internal target (although for the wrong reason: I had expected exports to drive the GDP growth, but it was consumption instead.)
I am unsure why consumption was that strong. I will look into it later. Or wait for somebody to look into it. Hint hint.
