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Decline in economic growth expected

    JOHANNESBURG
    The Central Bank of Swaziland (CBS) has predicted a growth rate of only 2.5 percent for 1999/2000, the 'Swazi Observer' reported on Wednesday. The CBS director of research, Cleopas Dlamini, was quoted as saying that growth was down by 0.5 percent from last year when Swaziland registered a growth rate of about 3 percent. Dlamini said that one of the main reasons for the lower growth rate was the slowdown in foreign direct investment in the country. "We have had no new foreign investment flowing into the country and thus our economy is not advancing," he said.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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