Vietnam's economy grew at a slower pace in 2011 as measures
taken to curb inflation reduced the level of economic activity.
Gross domestic product advanced 5.89 percent this year, down from
6.78 percent in 2010, the General Statistics Office said Thursday.
But the actual growth rate remains close to the 6 percent
government target. In the fourth quarter, the economy grew 6.1
percent after logging a 6.07 percent rise a quarter ago. Consumer
price inflation stays at an elevated level despite an increase in
borrowing cost. In 2011, inflation surged to 18.6 percent from just
9.2 percent last year. According to official figures, annual
inflation came in at 18.13 percent in December compared to 19.83
percent a month ago. The material has been provided by Instaforex
Company - instaforex.com
No comments:
Post a Comment