Growth Forecast Unchanged: The government said it estimates the territory's real gross domestic product grew by between 5.0% and 5.5% in the first quarter of the year after a 5.1% growth rate in the last quarter of last year. In its first-quarter economic report, the government said its forecast for a real GDP growth rate of 5.5% for 1993 has been reviewed but remains unchanged. Its forecast for the territory's inflation rate is also unchanged at 9.5%, even though the inflation rate in the first four months of the year was only an average 8.5%. The report warns that the strengthening of the Japanese yen and the upsurge in inflation in China in recent months could lead to higher inflation.
From Times Staff and Wire Reports
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