After a short-lived rebound in 2014 that continued until mid-2015, it fell back into recession in the third quarter of 2015 (–1.9%). The rate of change in GDP remained negative (–1.9%) in the fourth quarter, coming to –0.7% for 2015 as a whole.
Efficiency: We can look at the notion of efficiency from two perspectives. For the provider of products and services, it means the ability to do this at the lowest possible cost, with the full benefit of technology and market infrastructure. For the user, efficiency relates to the availability of products and services which address his/her requirements at the lowest possible price.