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This was due to an extended period of structural reforms, privatization, fiscal consolidation and huge investments in the manufacturing sector. Large investment has been poured in the aluminum sector. Since the 2002 recession which had a growth rate of -0.3%, the economy grew at 2.7 percent in 2003 mainly due to the investment in the aluminum sector...
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This was followed by a 7.7% growth in 2004 and as more and more investment was poured in; the economy grew more and reached 7.5% in 2005. While this rapid growth and huge investment for such a sensitive economy created troubles like inflation and the economyâs growth rate dropped to 3.7%. The recovery period started and the economy is now growing at 4...
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