Markets.News
In the latest announcement, it was reported that the country's economy grew by 5.2% in the last quarter, exceeding all expectations. The manufacturing sector showed a particularly robust performance, with a growth rate of 7.8%. The construction industry also saw significant growth, recording a 6.3% increase. However, there was a slight decline in the services sector, which only grew by 3.6%. Analysts are optimistic about the overall economic outlook for the year, with projections of a 6% growth rate for the full fiscal year. The government attributes this positive economic performance to successful policy measures and increased consumer demand. This growth also marks a significant recovery from the previous year's economic downturn, where the economy contracted by 2.3%. Additionally, unemployment rates have dropped to a record low of 3.9%, reflecting the improving job market conditions. Inflation remained stable at 2.1% during the last quarter, well within the target range set by the central bank. Experts believe that this strong economic growth will have positive ripple effects on various sectors and contribute to overall national development.