The world economy continues to grow at a slow pace amid renewed financial and political turbulences. From 3.4% in 2014, global economic growth decelerated to 3.1% in 2015 and to 2.5% in 2016Q1.
Mindful of the current global headwinds, the IMF revised downwards the world real GDP growth forecast for 2016 to 3.1% in July 2016, lower than the April 2016 and October 2015 projections by 0.1% and 0.5% respectively.
The prime focus should be to enable exporters increase production to try and close the gap. And people should understand that as Rwanda tries to achieve the middle income status, it’s obvious and normal to experience that kind of trade imbalance between the exports and imports. Read more. Source | New Times