Guinea forecasts 6.7 pct GDP growth for 2017

Guinea forecasts 6.7 pct GDP growth for 2017

by Joseph Anthony
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Guinea’s government has forecast gross domestic product growth of 6.7 percent this year, up from 3.8 percent in 2016 as the West African country recovers from an Ebola epidemic that killed thousands and hurt the economy.

The forecast, announced on Friday by a government spokesman, is above a 5.2 percent growth projection from the International Monetary Fund last September.

Guinea has the world’s largest reserves of bauxite and also produces iron ore. The country, along with neighbours Liberia and Sierra Leone, was hit by an Ebola epidemic that peaked in 2014 and killed about 11,300 people.

Guinea’s bank workers have been on strike for a week in a dispute over salaries.

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