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GDP grows 7.3% in Q2, but slowdown looms
GDP rose 7.3% in the quarter ended September, higher than the 7.1% in the previous one, as consumption improved but investment slumped, data from the Central Statistics Office showed on Wednesday. Both GDP and GVA growth decelerated in Q2 , relative to Q2 of FY16. These were high in the first quarter as well, but contributed to 13% of GDP growth then. Growth in GVA - aggregate of agriculture, industry and services - declined to 7.1% in Q2, against 7.3% in Q1.
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