Friday, 8 October 2010

Sub-Saharan africa to grow 5.5% in 2011

The International Monetary Fund cut its 2011 growth forecast for Sub-Saharan Africa to 5.5 percent, but the number is still impressive. The IMF had previously estimated growth of 5.9 percent for 2011.Africa’s growth rate is forecast to almost double this year as demand from China and India drive up prices of commodities such as copper and platinum, and exports rebound from last year’s global recession.

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