National Reserve Bank of Tonga - Ann Rep 05-06

According to the National Reserve Bank of Tonga's Annual Report 2005-2006, economic growth is estimated by the Ministry of Finance to have eased from 2.3 per cent in 2004/05 to 1.9 per cent in 2005/06, which is slightly below the average pace of the past ten years.

"A slowdown in construction activity, reflecting the completion of several major non-residential building projects and an easing in dwelling construction, was the main factor behind the softer growth. Nevertheless, construction

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