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Employment Growth Recorded Across Key Industries in the Final Quarter of Last Year

Photo Credits: PSM News

According to the Business Survey Report released by the Maldives Monetary Authority (MMA), the final quarter of last year saw a notable increase in employment opportunities across the major sectors of the Maldivian economy. The tourism industry experienced the most significant growth, with the peak season contributing to a rise in both revenue and payroll expenditure. Additionally, the wholesale and retail trade, as well as the construction sector, observed an expansion in their workforce. While the transport and communication sectors maintained stable employment levels without significant fluctuations, no industry reported a decline in staff numbers. Looking ahead, the MMA forecasts continued positive economic performance across all sectors throughout the first quarter of this year.

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