''During the review quarter, macroeconomic indicators showed mixed performances but largely pointed to reduced economic activity compared to the third quarter of 2018,’’ the state statistician said. The weak currency coupled with suppressed growth in most of the sectors of the economy saw the country’s economy grow at a much slower pace year-on-year in the third quarter ended September 2019. According to KNBS, the economy grew 5.1 per cent in September 2019 compared with 6.4 per cent in the same period in 2018. The agricultural sector was the worst hit, growing at a mere 3.2 per cent more than half the sector’s growth in the corresponding quarter in 2018 when it grew at 6.9 per cent. ''The weak growth was however supported by improved performance in other sectors including mining, financial, and real estate,’’ KNBS said.

Source: The Star January 01, 2020 13:41 UTC