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Economic output drops due to COVID-19

Visitor arrivals fell by an annual 82.2 percent cumulative to November due to border closures which has seen many hotels and resorts closed or running on reduced capacity.

Until November, production of cement dropped by almost 16%, electricity production was 10% below previous outputs and mahogany harvest decreased by 14%.

However, the timber industry showed positive results with pinewood supply increasing 22% and woodchip output up by 47%.

Credit: FBC

Date: 6/1/2021

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