27
Jul
Economic activity is expected to remain lack-lustre for the rest of the year despite an impressive 4.2 percent real gross domestic product (GDP) growth recorded in the first quarter of 2023, analysts at GCB Capital Research have predicted. Several key factors, including the composite index of economic activity which has been on a contracting trend for the past seven months are contributing to this subdued outlook, it said. This continued downturn points to a potential slowdown in economic momentum, posing challenges to sustained growth. Consumer and business confidence surveys also paint a mixed picture, reflecting the prevailing uncertain macroeconomic climate.…