The Maldives economic growth slowed down during the first quarter of 2019.
According to the Quarterly Bulletin Report published by Maldives Monetary Authority (MMA), the Gross Domestic Products (GDP) fell from 4.7% to 3.1% this year.
The slow down is said to be largely due to the decline in construction-related imports thatin return negatively impacted the wholesale and retail trade sector.
However, the tourism sector experienced strong growth this year. the tourism sector had the highest contribution towards GDP with 2.4%, transport and communication contributed 0.7% and financial services contributed 0.4%.
Global Financial Markets has also predicted that the Maldives Economy would slow down during the current year.
