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Treasury cuts economic growth forecast again

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Business Daily | by Constant Munda

The Treasury now expects the economy to grow below its initial projection of 2.5 percent in April on damaging shocks of Coronavirus pandemic which continue to hammer job opportunities.

Treasury secretary Ukur Yatani says the pandemic continues to cause “a major shock” to the economy, leading to underperformance in most sectors with consumption still depressed and new investments paused.

This will be the third year running that the country’s economy…

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