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Sub-Saharan Africa’s Recovery Maintains Momentum

Posted by Business in Ghana on January 26, 2011

Source: World Bank Report

In its World Economic Outlook Update, the IMF said most countries in sub-Saharan Africa have recovered quickly from the global financial crisis, with the region projected to grow 5½ percent in 2011.

Low income countries, which escaped the worst impacts of the global crisis, are expected to match pre-crisis growth rates of about 6½ percent in 2011. But the recovery in South Africa has been more subdued, restricting projected growth to about 3½ percent in 2011. Read the rest of this entry »

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