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Maldives showed greatest economic growth regionally: World Bank

World Bank's South Asia Economic Focus has shown Maldives boasts the fastest growing economy in the South Asia region.

Tourism and construction sectors in Maldives showed phenomenal development in the past year, according to the report. The development highlighted in the report included the addition of a number of new resorts and guest houses across the country.

As for the limitations Maldives faces the report highlighted the increase in the number of unemployed youth. It also noted the lack of enthusiasm from Maldivian youth to make use of the expanding job market in the tourism and construction industries.

The report also forecast rapid growth for South Asia and estimated the regional growth rate to stand at seven percent. The report recommended increase in exports to further boost the region's economy.