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Solomon Islands economy to grow by 3.5 percent in 2018: Sogavare

Solomon Islands economy to grow by 3.5 percent in 2018: Sogavare
Solomon Islands economy to grow by 3.5 percent in 2018: Sogavare
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The Solomon Islands Finance Minister says the country’s economy is expected to grow by 3.5 percent this year.

Manasseh Sogavare laid out this forecast to parliament on Wednesday as he presented the US$500-million 2018 national budget, RNZI reports.

Mr Sogavare said the growth is to be driven by improved agricultural activities, as well as growth in the fisheries and logging sectors. Manufacturing, construction and utilities sectors are also expected to contribute to the growth.

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