President Ibrahim Mohamed Solih forecasts the economic growth rate of Maldives can be sustained at 7.6 percent this year.
In his presidential address, President Solih said considering the current economic climate, it is estimated that average inflation can be contained at a rate of 1.3 percent. While the economic growth rate in Maldives depends heavily on the tourism sector, progress in the sector relies on the development of Velana International Airport (VIA).
The administration predicts a substantial increase in tourist arrivals on completion of the VIA development project.
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