The IMF predicts economic growth in SSA will fall to 3%, half of its former prediction.
On the one hand we would be better off because we have not heavily invested in the banking sector. On the other hand however, the global recession will hit us hard because we will not have as much export of goods (as is already evidenced).
So where do we fall?
Where we have always been
Behind...
photos from: www.changeboard.com, www.stratfor.com
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