Posted on 02 Jul 2009
Gross domestic product grew 4.5 percent in the second quarter from the same period last year, which has helped fuel growth in the first half, the General Statistics Office said in its monthly report, confirming last week's data.
The World Bank forecasts GDP growth of 5.5 percent in 2009, faster than the 4.5 percent projected by the Asian Development Bank and also above the governments revised growth target of "around 5 percent".
The statistics office said the government should take measures to achieve growth of around 5.9 percent in the second half to meet the annual target.
The steps included restructuring the economy to raise the efficiency and the competitiveness, prevent of a return of high inflation in the second half as well as directing fiscal stimulus to the right targets, the office said.
