SOLOMONS ACHIEVE STRONG GROWTH IN 2010

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Central Bank reports 7.1 percent increase in GDP

MELBOURNE, Australia (Radio Australia, May 18, 2011) – Solomon Islands Central Bank has reported a significant increase in the nation's GDP [Gross domestic product] last year.

The bank has released its latest report and says GDP increased by 7.1 per cent in 2010 compared to a 1.2 per cent decline in 2009.

It has told Pacific Beat the forestry, fisheries and agricultural industries have contributed to strong economic growth.

But locals remain concerned about the long-term viability of the logging industry.

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