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Rwanda's economic growth to pick up, World Bank predicts

Published on September 06, 2017

Rwanda's economic growth has been slowing down since mid-2016 resulting in a 6 percent growth in 2016 and in 4.2 percent annualized growth in the first quarter of 2017, but growth is expected to pick up in the second half of this year, a World Bank report said Wednesday.

The 10th edition of World Bank Rwanda Economic Update, launched in Rwanda's capital city Kigali attributed the slowdown mainly to a combination of drought, weak export prices and construction activities following the completion of large investment projects in 2016. Read more. Source | Xinhua Net