Friday, March 29, 2024

GDP grows 20% in Q1, but still below FY20 levels

Tuesday, August 31, 2021, 23:15
This news item was posted in Business category and has 0 Comments so far.

Manufacturing, construction, electricity and mining grew fast enough in the June quarter to offset the steep declines in the year-ago quarter, while key services sectors could not even completely reverse the decline. Private consumption, the biggest constituent of the economy remained 12% below the pre-pandemic level.

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