SUDAN NEWS ALERT: Sudan Tribune - IMF maintains negative growth forecast for Sudan in 2019 & 2020

15/10/19: Sudan Tribune - IMF maintains negative growth forecast for Sudan in 2019 & 2020

 Sudan Tribune reports that the The International Monetary Fund (IMF) affirmed its previous forecast of a contraction in the Sudanese economy in 2019 and 2020.

 The World Economic Outlook (WEO) report published today said Sudan registered a -2.2% contraction in economic growth in 2018 that is expected to sink further this year to -2.6% before relatively improving in 2020 to -1.4%.

 Inflation was expected to fall to 50.4% this year compared to 63.3% in 2018 but is forecasted to jump again next year to 62.1%.

 The figures were slightly worse than the projected numbers included in the WEO report last April.