IMF Raises Africa Regional Economic Outlook, Lauds Resilience
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The International Monetary Fund on Thursday upgraded its growth forecast for sub-Saharan Africa to 4.5 percent this year, with the organization’s regional director welcoming countries’ resilience in the face of a succession of crises, including the US-Iran war.The Fund upgraded its growth forecast for the region by 0.2 percentage points from its last World Economic Outlook update in April, noting that global energy supply adjustments and private sector adaptation helped cushion
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