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Low growth rate forecast

    JOHANNESBURG

    The 14-nation Southern African Development Community (SADC) is projected to register a 3 percent economic growth this year, media reports said.

    This growth rate was projected after an improvement in the world and Southern African economic climates. Last year's gain was only 1.7 percent, the reports said. The reports added that free market reforms in the region and initiatives to attract foreign investment were also likely to boost the growth rate.

    The reports also said last year's growth rate was disappointing when compared to the 1997 rate of 2.8 percent and the 1996 rate of 4 percent.

    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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