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Significance Inflation is a top challenge for the government, which targets 6.0-7.0% GDP growth in 2024, compared with 5.5% in 2023. GDP grew by 5.7% year-on-year in the January-March quarter. While exports were the main driver, growth in private consumption and investment slowed. Impacts Tourist arrivals may be close to pre-pandemic levels by the end of the year, boosting the retail, hospitality and transport sectors. Electronics manufacturing will be one of the best-performing sectors as the global electronics market enters a cyclical upswing. Market openings in public services will entice foreign investors.
A Thu, study studied this question.