The disposable income of urban and rural residents grew by 9.6 percent and 6.2 percent respectively. The registered urban unemployment was 4.2 percent. Trade grew by 23.2 percent, while the profits of statistically large enterprises rose by 22.6 percent. Broadly speaking, the national economy displayed a good momentum featuring fairly rapid growth, good return, stable price, and good dynamics.
With a fixed exchange rate, it takes longer for price signals to be recognized, and the adjustment primarily takes place through changes in domestic prices and wages, at the cost of significant variability in output and employment.