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Vol 48 No 2

Published 19th January 2007


Enter the capitalists

The World Bank and IMF are bullish about African economic growth in 2007, predicting rates of 5.3% and 5.9% respectively

Africa's economies were buoyed by international conditions, improved domestic policies, increased exports to China and high commodity prices. However, African economies are more sensitive than any others to shifts in commodity prices. Throughout 2006 oil prices fluctuated, while oil-importers were boosted by increases in raw-material prices - uranium 38%, copper 30%, coffee 19% and gold 10%.

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