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Africa’s Boom Is Over
Posted January 6th, 2016 at 10:31 am (UTC-5)
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[I]t looks like the skeptics were right. Oil and commodity prices are plunging, China’s purchases are slowing, and GDP growth rates across the continent are in steep decline. … [T]he IMF has cut its 2015 projection for growth in sub-Saharan Africa from 4.5 to 3.75 percent …
Africa’s Boom Is Over
[I]t looks like the skeptics were right. Oil and commodity prices are plunging, China’s purchases are slowing, and GDP growth rates across the continent are in steep decline. … [T]he IMF has cut its 2015 projection for growth in sub-Saharan Africa from 4.5 to 3.75 percent …