First Quarter GDP Up 6.4%

The economy expanded 6.4 percent year-on-year in the first quarter due to the recovery of the agriculture sector, trade and manufacturing growth, and strong domestic demand. The figure, however, was below forecasts of 6.9-7 percent and slower than the 6.6-percent expansion during the fourth quarter of 2016. It was also slower than the 6.9 percent posted in last year’s first quarter, though election-related spending boosted that…

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