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IMF: Africa's growth is still fragile
According to the International Monetary Fund report, Africa's economic gains remain fragile despite an upward revision of the region's expected growth for 2026 to 4.5% from 4.3% in April. The Fund also forecasts inflation rising from 3.4% in 2025 to 4.3% in 2026 and five percent in 2027, with warnings that delays in debt restructuring could hinder access to financing and deepen debt crises. The report emphasizes the need to adopt flexible monetary policies and implement reforms to address economic challenges, especially amid increasing pressures from the resource-exporting and resource-receiving countries' gap, as well as the potential impact of the El Niño phenomenon on future growth and inflation.
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