Economy to grow by 5.7% Rwanda’s economy is steadily recovering from the 2013 slowdown with the World Bank projecting a 5.7 per cent growth rate for 2014, slightly lower than the government and the International Monetary Fund’s projection of 6 per cent. The World Bank said in its Rwanda economic update report, released yesterday, that the lagged effect of the aid shortfall to the economy was extended to the second half of 2013 decelerating both public and private sector activities. Toru Nishiuchi, a World Bank economist and co-author of the report on Rwanda’s economic outlook, said in addition to Gross Domestic Product growth rates, turnovers of services and industries have been picking up, further raising hopes that the growth in 2014 will be higher than that registered in the previous years. newtimes.co.rw/news/index.php?i=15829&a=79629
Posted on: Fri, 29 Aug 2014 06:54:17 +0000
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