International financial institutions are downgrading their growth prospects for the continent
As the International Monetary Fund and World Bank held their spring meetings in Washington DC last month, economists with both institutions presented an Africa growth picture which has worsened since the meetings in Bali, Indonesia, just six months ago. The IMF also downgraded its estimates of global growth, which are now expected to fall (compared with last year), particularly during the first half of 2019.
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