In Q4 2019, GDP in volume terms fell slightly: –0.1%, after +0.3% in Q3 2019. On average over the year, activity slowed down in 2019: +1.2% after +1.7% in 2018. Household consumption expenditures slowed down slightly (+0.2% after +0.4%), and total gross fixed capital formation decelerated in a more pronounced manner (GFCF: +0.3% after +1.3%). Overall, final domestic demand excluding inventory changes slowed down compared with the previous quarter: it contributed to +0.3 points to GDP growth, after +0.7 points. Imports fell back this quarter (–0.2% after +0.6%) as well as exports (–0.2% after –0.3%). All in all, the ... (full story)