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Greece was already in recession when the deal was reached, but the projections assumed that this downturn would end soon — that there would be only a small contraction in 2011, and that by 2012 Greece would be recovering.
Macedonia achieved modest GDP growth in 2013 after a small contraction in 2012; inflation is under control.
Non-residential fixed capital formation accelerated through 2017, rising at an average pace of 6% for the year, after a small contraction in 2016 and a modest 3% rise in 2015.
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Britain's double-dip recession is not as deep as previously feared after revised figures showed a smaller contraction in the second quarter of the year.
Global Insight now estimates that real gross domestic product will plummet by 6.0% in the current quarter, followed by a decline of around 4.0% in the first quarter of 2009 and a smaller contraction in the second quarter.
In the interseismic period, the strain rate field indicates a tendency for a relatively small contraction in the forearc region and a large contraction in the backarc region (Miura et al., 2004; Fig. 1).
Due to the fixed location of the optic disc, only a small contraction was induced by ERM in the nasal area; therefore, no significant difference in VLA of the nasal area was observed after ERM removal.
In mid-October, the Japanese launched a counterattack against the Australian beachhead around Scarlet Beach, which lasted for about a week and resulted in a small contraction of the Australian lines and a splitting of their force before it was defeated.
And notwithstanding the new plan, to be carried out in the next fiscal year, a number of economists are also expecting a small contraction then, too.
That indicates a small contraction again, but a little bit better than April (49.6).
Photograph: Frederik Ducrozet of Credit Agricole 7.50am GMT The small contraction in France, and the slowing growth in Germany, shows that the euro area economy remains weak despite dragging itself out of recession in the summer.
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