Ministry foresees 4% growth in 2021
Public debt level seen manageable
The economy is expected to grow 4% in 2021 after a slump this year and fiscal policy will support a tourism-reliant economy struggling from the impacts of the coronavirus pandemic, the finance minister said on Monday.
The economy shrank a less than expected 6.4% in the third quarter from a year earlier after falling 12.1% in the previous three months.
The economy had bottomed but recovery was not fast as the battered tourism sector, which accounts for about 12% of gross domestic product (GDP), has…
