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IMF: Near-term challenges weigh on Somalia’s GDP

The North African country’s economy is expected to grow 2.3% this year and 2.7% in 2027. The International Monetary Fund says reforms and external assistance are essential.

  • Somalia's GDP growth projected at 2.3% this year by IMF
  • IMF delegation visits Somalia from September 21 to October 1
  • Near-term risks high due to climate shocks and regional conflict

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