The African economic outlook: Two tracks to development?
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A key headline in the latest IMF projections for Sub-Saharan Africa is the revision to the GDP growth projection for 2019, down from 3.8% in October 2018 to 3.5%. Drill into the detail, however, and further trends emerge. This includes a divergence in performance between resource-dependent economies, which have faced headwinds, and more diversified economies, which show a more positive growth trajectory.