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IMF Expects Tepid Economic Growth in Sub-Saharan Africa

The International Monetary Fund warned on Tuesday that growth in sub-Saharan Africa was likely to slow to its lowest point in more than 20 years, with average growth forecast at just 1.5 percent this year because of lower commodity prices and an unfriendly global economic environment. Countries without significant natural resources such as Ethiopia, Ivory Coast, Kenya and Senegal were performing better as they stood to benefit from lower oil import prices and infrastructure reforms, the...

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