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The World Bank has revised down its economic growth forecasts for all Portuguese-speaking African countries (PALOP) this year, with the exception of Guinea-Bissau, while also warning of rising inflation across these economies.
According to the latest Sub-Saharan Africa Economic Update released in Washington, Guinea-Bissau is now expected to grow 5.3%, slightly above the 5.2% forecast made in October last year.
In contrast, growth projections for the remaining PALOP countries have been downgraded. Angola is now expected to…