Africa to grow by 2%.

Position:Economy - Brief article
 
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The African region's economy will grow at 2.0% in 2009 and 3.9% in 2010, according to the IMF's latest World Economic Outlook. The report says "hard-won economic gains in Africa are being threatened by relatively weak financial linkages with advanced economies".

The main shock buffeting the continent is seen as a severe deterioration in external growth, which is reducing demand for African exports and curtailing workers' remittances. "The sharp fall in commodity prices is also hitting the resource-rich countries in...

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