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Economic Growth Quickens

The country's economic growth accelerated in the fourth quarter as commodity prices rose and companies boosted investment to meet rising domestic demand, the State Statistics Service said Friday in a statement.

Gross domestic product rose an annual 4.5 percent after a revised 3.1 percent in the previous three months.

The economy grew 4 percent last year, the statistics service said, reiterating its previous reading. Second-quarter growth was revised down to 5 percent, and expansion in the first quarter was upgraded to 3.5 percent, the service said.

(Bloomberg)

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