The country's first half economic growth has exceeded the pre-COVID-19 pandemic levels, the Minister of Finance, Dr Mohammed Amin Adam, has pointed out.He explained that the 2024 half-year growth of 5.8 per cent was 0.4 percentage points higher than the growth recorded in the same period five years ago.The Finance Minister said the growth trajectory was now attracting multinationals, including those that left the country in difficult times such as Virgin Atlantic Airlines, to return with their investments."The fact is that the half-year growth of 5.8 per cent recorded this year is the highest in the last five years.
It is fascinating to note that the growth of 4.8 per cent in quarter one and 6.9 per cent in quarter two was driven largely by industry and agriculture sectors.
For quarter two, all three sectors, including services, drove the growth," he stated."What this means is that we are back on track.
It also means that our policies to support the private sector are having significant impact.