Ethiopia Alone Likely to Grow Among Top Five South of Sahara

(Bloomberg) --

Of the five biggest economies in sub-Saharan Africa, only Ethiopia is projected to expand this year, according to a revised outlook from the International Monetary Fund. Even so, the projected growth of 1.9% will be the least since 2003, when the country was in the grip of famine, and will follow more than a decade of annual expansion of around 10%. Kenya, the region’s third-largest economy, is now expected to contract for the first time in 27 years, compared with an April estimate of 1% growth.

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