IMF raises Africa's 2007 GDP growth forecast

(Reuters) - Africa's economic growth will likely accelerate in 2007, outpacing the global economy, but armed conflict and political instability undermine prospects in some countries, the International Monetary Fund said on Wednesday.

In its twice-annual World Economic Outlook, the IMF pegged Africa's real gross domestic product growth at 6.2 percent for this year, revised up from its September forecast for 5.9 percent growth and well above last year's pace of 5.5 percent. For 2008, the IMF expects growth to slow to 5.8 percent.


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