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Somalia's GDP expanding to 3.1 percent in 2018

International Monetary Fund (IMF) logo outside the headquarters building in Washington, US. [Photo: Reuters]

NAIROBI- Somalia’s economic growth is expected to pick up in 2018 as it recovers from drought that had reduced farming output, the International Monetary Fund said on Tuesday.

It said it projected gross domestic product at 3.1 percent this year from 2.3 percent in 2017. Somalia exports bananas and also produces sorghum.

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