Manufacturing was down 22.5% with many factories either shuttered or operating at greatly reduced capacity.
More money for seasonal workers without jobs, those jobless before the crisis and those whose hours have been drastically cut.
Managing director Kristalina Georgieva blames rising trade conflicts that could mean a loss of around 0.8% of world GDP.
Public pressure grows to address big issues such as global warming.
Analysts say trade-driven boost was likely a temporary factor, particularly with weakening global economic conditions.
Predicts that US growth will slow to 2.5% next year as the effect of recent tax cuts wears off.
Manufacturing shows gains, oil and gas sector led the way with a 2.5% increase.
Poloz says economy’s unable to continue running at full tilt without the power of lower rates.
Growth in the fourth quarter was driven by a 2.3% increase in business investment.
Soctiabank projects the country would still see modest economic growth of 2.3% on the year
Sector gained 1.8%, the largest monthly increase since February 2014.
Also forecasting solid growth of 3% in 2019 and 2.9% in 2020 after 3% expansion in 2017
Private and international investors have lost confidence; not a competitive place to do business.
The two-month lull in activity reinforces the point that the frothy growth of the past year is done.
Recent pace of growth over the last year won’t be sustained going forward: RBC