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African Economic Growth Dips to Two-decade Low, World Bank Reports

Economic growth in sub-Saharan Africa is likely to slip to 1.6 percent this year, its lowest level in two decades, due to continuing woes in the continent's largest economies of South Africa and Nigeria, a World Bank report said Thursday. Africa has been one of the world's fastest-growing region's over the past decade, but a commodities slump has hit its oil and mineral exporters hard, bringing growth down to 3 percent in 2015. However, other countries — including Ethiopia,...

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