Road to recovery: On sustaining growth

News Today 02.12.2021

The latest GDP and GVA estimates from the National Statistical Office have affirmed that the economy is now on the path to recovery after last fiscal’s record contraction. Second quarter gross domestic product expanded 8.4%, rebounding from the year-earlier period’s 7.4% contraction. While the statistical advantage from the base effect surely aided the expansion, the economy appears to have gathered just enough momentum for GDP to post a marginal 0.3% growth even when compared with the second quarter of the pre-pandemic 2019-20 fiscal year. (Read More)

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