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Vol 60 No 21

Published 25th October 2019

Up against the slowdown

As growth ebbs in 90% of the world’s economies, Africa is trying to swim against the tide

The annual meeting of the International Monetary Fund and World Bank between 14 and 20 October in Washington DC was one of the gloomiest for decades, with economists competing to offer the most downbeat forecast. The headline figure – that 90% of the world's economies are slowing down – means shrinking markets, wobbly currencies and a shortage of investment capital is going to reverberate around Africa.

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