Growth is expected to be held back by low non-oil commodity prices which will hurt exports earnings for many African countries, the Fund said in its bi-annual World Economic Outlook report, noting that many countries suffer from large trade deficits.
"Among food and beverages, the most significant development has been the severe drop in coffee prices - down more than 6
- EC’s Cyprus ‘failure’ undermined Eurozone central bank independence – Demetriades
- Reserve management practices are splintering
- Female regulators increase stability of the financial system, IMF paper finds
- Booming US economy set against ‘fragile’ markets – BIS review
- BIS paper defends credit gap measure