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Rwanda GDP growth to slacken in 2020 due to coronavirus

Rwanda’s economic growth is expected to slow to 2 per cent this year from 9.4 per cent in 2019 as the COVID-19 pandemic hits tourism, transport and hospitality, the finance minister said on Thursday.

Presenting the draft budget for 2020-21 fiscal year, Uzziel Ndajigimana said growth was expected to rebound next year to 6.3 per cent and improve further to 8 per cent in 2022.

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