Guinea-Bissau's economic growth slows on declining cashew exports

DAKAR, Jan 18 (Reuters) - Economic growth in Guinea-Bissau slumped to 3.8 percent last year from an average of about 6 percent in the previous three years, due largely to a 25 percent drop in cashew exports, the International Monetary Fund said in a statement on Friday.

In June, the Fund had said it expected growth of 5.3 percent in 2018 and announced a one-year extension of its lending programme with the West African nation.

(Reporting by Aaron Ross; Editing by Catherine Evans)

2019-01-18 18:12:40

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.