RTTNews - The International Monetary Fund or IMF expects Rwanda's economic growth to weaken to 5.3% in 2009 and 2010, after a robust growth of 11.2% last year, as the global crisis has begun to affect the country.
In the medium term however, the IMF forecasts the growth to rebound to 6%, with an improvement in the external environment.
Meanwhile, the IMF forecasts the inflation to decline to single digits in the second half of this year. Headline inflation dropped to about 13.5% in April this year from 22% at the end of last year, the report said. Meanwhile, the IMF said continued prudent fiscal and monetary management would be required to anchor inflation expectations to single digits in future.
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