Somalia’s GDP growth slows down to 2.5 per cent, says IMF

Somalia’s economy is expected to slow sharply this year as a drought knocks production in farming, although the impact will be partially offset by a boost from construction and telecommunications, the International Monetary Fund said.
In a statement on Wednesday, the IMF projected the Horn of Africa nation’s gross domestic product would expand 2.5 per cent this year down from estimated 3.4 per cent in 2016.
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