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Most East African countries have a positive economic outlook, largely due to the positive performance brought about by economic diversification. This is according to the Institute of Chartered Accountants in England and Wales’ (ICAEW) latest report, Economic Update: Africa Q1 2020.
The accountancy body provides GDP growth forecasts for various regions, including East Africa which is set to grow by 6 per cent, West and Central Africa at 3.1 per cent, Franc Zone at 4.9 per cent, and Southern Africa at 1.3 per cent.
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