While it is clear (or at least should be) that disclosing the details of a client’s order book to a counterparty is not acceptable, market participants have noted that there is much less clarity around what level of aggregation, say, is necessary in order to convey market colour appropriately.
The decline in GDP was driven by the fall in both consumption and investment, the latter dropping by more than 20%.   A further reason for the deterioration in GDP in the fourth quarter of 2011 was the halt in the upward trend in real exports of goods, after four successive quarters of growth.