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Subject
Prospects for Africa's economies to end-2016.
Significance
The IMF's most recent forecast of 3% GDP growth for sub-Saharan Africa (SSA) in 2016 represents a significant cut from the 4.25% it expected in October 2015. This is a consequence of sharp slowdowns in the region's two largest economies, Nigeria and South Africa, droughts in previously buoyant economies (notably in eastern and southern Africa), a variety of idiosyncratic shocks and a prolonged commodity price downturn.
Keywords:
economy,
debt,
fiscal,
government,
monetary,
policy,
industry,
Africa,
AF,
Benin,
Ethiopia,
Ghana,
Kenya,
Mozambique,
Nigeria,
South Africa,
Zambia,
PROSPECTS H2 2016
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2016
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