Earnings may increase but sluggish growth looms for the continent's big players and the danger of a debt crunch is increasing
Economies across Africa will grow haltingly, by about 3% on average in 2018 and 3.5% in 2019, according to the latest World Bank forecasts. And the International Monetary Fund warns that in extreme cases such as Nigeria, servicing the debt is consuming more than 60% of government revenues. The latest forecasts from the World Bank, IMF and African Development Bank differ on the precise numbers for 2018 but broadly agree that export commodity prices will strengthen and inflation will slow.
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