World Bank predicts positive outlook for Maldivian economy in 2014
15 Jun 2014, 3:54 PM
The World Bank predicts a positive outlook for the Maldivian economy in 2014 with a projected GDP growth of 4.5 percent, according to its annual global economic prospects report.
Economic growth would be “driven by strong tourist arrivals, particularly by robust growth in the Chinese tourist segment,” observed the report released last week.
“In the medium term, the economy is projected to grow at a more sustainable pace of about four percent annually, as tourism revenues from Europe pick up.”
The report did warn, however, that an increasingly likely El Niño conditions in the regions represented a medium-term economic risk.
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