Friday, December 14, 2018

2017 GDP growth slows to 0.6 percent. Improvement recorded in hospitality services and agriculture


The real GDP growth rate slowed to 0.6 percent in 2017 from 1.6 percent in the previous year, according to the 'National Accounts' report recently released by the Central Administration of Statistics (CAS). The GDP at current market prices for 2017 is estimated at $53.4 billion.

The growth rate comes lower than estimates by the World Bank and the International Monetary Fund (IMF).


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