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Commodity doom and the African economy

Posted on 07 January 2009

From Commodityonline.com: The unprecedented commodity price boom that began in October 2001 and that lasted for more than seven years came to an end in July 2008 amid slowing global economic growth.

According to the World Bank’s Global Economic Prospects 2009, overall, global GDP growth is projected to decline to 0.9 percent in 2009 while growth in developing countries will fall to 4.5% from 7.9% recorded in 2007….. Full Article: Source


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