FPO lifts 2012 GDP growth to 5.7%
- Published: 28 Jun 2012 at 15.18
- Online news:
The Fiscal Policy Office (FPO) has raised its gross domestic growth projection for the year to 5.7 per cent, from the previous forecast of 5.5 per cent, reports said.
The state agency, under the Finance Ministry, attributed its economic growth revision to faster than expected economic recovery after the production sector was severely hit by the great flood late last year.
The FPO said the rapid recovery in the industrial sector was boosted by a substantial increase in domestic consumption and private investment since the beginning of this year.
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