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.
To continue reading, please click here.
Source: http://www.the-star.co.ke

Share this article

Facebook
Twitter
LinkedIn

More articles from MAST...

intel reports

Security and Risk Report 26/10/22

MAST’s security report issue 355 is available to read now. In the Gulf of Guinea, local fishing communities in Akwa Ibom State, Nigeria, have complained

Read More »

Get in touch

Maritime Security
Email:Operations@mast-security.co.uk
24/7 Emergency Telephone:+44 (0) 1218 209 946

Main Office: +44 (0) 1279 216726

Risk Consulting
Email: Riskconsulting@mast-security.co.uk
Call: +44 (0) 1279 874 528

Security Systems
Email: Technology@mast-security.com
Call: +44 (0) 1279 874 521

Skip to content