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CEIZ index increases in August, recovery weakening

Author: Snježana Pezer
ZAGREB, Oct 5 (Hina) - The Coincident Economic Indicator (CEIZ) increased by 0.4 points in August, however, because it had decreased in July, analysts at the Zagreb Institute of Economics (EIZ) expect that the seasonally adjusted rate of Gross Domestic Product (GDP) for the third quarter will most likely stagnate or be slightly negative, while the annual rate should be positive, which indicates that economic recovery is weakening.

(Hina) sp

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