Somalia’s economic growth pace could rise to 3% in 2019 – IMF

Mogadishu-Somalia:- Somalia’s economy continues to recover, with growth expected to strengthen to 3% in 2019 from 2.8% last year, while inflation could ease to 3% from 3.2% over the same period, the International Monetary Fund said on Tuesday.

Somalia has been in turmoil since 1991, when clan-based warlords overthrew Siad Barre and then turned on each other. Over the past decade it has been hit by famine and sporadic terror attacks by al Qaeda-linked al Shabaab.

Source:Reuters





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