WE greet with more than a sigh of relief the news that the economy, in terms of gross domestic product (GDP) grew by 6.2 percent in the third quarter of 2019, surprising experts who earlier braced for something less rosy after a relatively anemic 5.5 percent growth rate was recorded for the preceding quarter. Economic managers were quick to point out that a faster pace of government spending made the turnaround possible. They also hinted the economy will likely maintain its bright outlook for the remaining quarter of the year.
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