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  • Annual economic growth in the second quarter came in at a higher-than-expected 2.27 percent, mainly due to improving exports and recovering private consumption, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.The figure was 0.29 percentage points higher than the 1.98 percent year-on-year growth forecast by the DGBAS in May.Sequentially, the economy expanded 0.59
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