Sunday , May 19 2024

Manufacturing, exports among growth pillars in 2022: government


The government expects manufacturing, exports and public spending to drive economic growth this year, and eyes GDP growth of 6-6.5 percent.

It anticipates challenges this year as the pandemic seems set to continue amid businesses and people’s dwindling resilience.

Growth would depend on controlling the pandemic, it said.

Besides reviving manufacturing, pushing exports and speeding up spending in infrastructure, it also seeks to improve productivity and the competitiveness of the economy while focusing on e-commerce development and new business models.

It wants to increase per capita income to $3,900 from $2,779 in 2020 after a period of supply chain and job disruptions.

Public infrastructure works, including for improving transport connectivity and electricity transmission, will receive priority attention.

The government also wants public agencies to simply their administration and listen more to the public.

GDP growth last year was 2.58 percent.

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