Q3 GDP growth slows to near 7-year low of 4.7%

The country’s quarterly economic growth slowed to a near seven-year-low in the Oct-Dec period of 2019-20, dragged down by a contraction in manufacturing and electricity, as per the National Statistical Office (NSO) . The Oct-Dec GDP growth of 4.7% is the slowest in 27 quarters and slowest since the 4.3% expansion in the Jan-March quarter of 2012-13.

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