Central Bank Maldives Monetary Authority has forecast that the country's economy will grow by 0.9 percent compared to last year.

The MMA had previously forecast that the annual real GDP growth of the country would stand at 5.5 percent.

According to the MMA, Maldives' economic growth stood at 4 percent last year. The figure is expected to reach 4.9 percent by the end of this year.

The MMA has lowered its growth forecast as the construction, transport, and communications sectors are expected to slow down.

The MMA expects the tourism industry to grow this year despite the slowdown in these sectors.