Thursday, January 31, 2013
The government said Thursday that the robust growth was led by household spending, which was facilitated by low inflation and remittances from millions of overseas workers.
Services rose 7.4 percent in 2012, industry was up 6.5 percent, and agriculture rose 2.7 percent.
The economy grew a feeble 3.9 percent in 2011. It still faces challenges, including decrepit infrastructure, rampant poverty and unemployment, and low foreign investment. (AP/Sunnex)