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VCSC Daily - Markets plunge on weak GDP forecast

Weak economic growth expected for 2Q2012 – In a report prepared for the third annual meeting of the National Assembly, the government forecast that GDP will grow 4.5% in the second quarter. While slightly better than GDP growth of 4% in the first quarter, the pressure is mounting for the economy to grow above 6% in the second half of the year, making the 6% GDP growth target for 2012 set by the government seem out of reach.