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IMF cuts Sub-Saharan Africa's 2019 growth forecast to 3.5 per cent

The International Monetary Fund cut its 2019 economic growth projection for sub-Saharan Africa this year to 3.5 percent, from 3.8 percent set last October, hot on the heels of a downgrade by the World Bank earlier in the week.

The new forecast reflects downward revisions for Angola and Nigeria with a softening in oil prices, the IMF said in a report published late on Tuesday.

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