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Global Weekly: Recent Developments and Outlook for Low-Income Countries

Global Macroeconomics Team's picture

Rising farm output, remittances, and public investment have supported robust aggregate growth in low-income countries (LICs), with a moderate deceleration expected in 2015. However, fiscal and current account pressures are visible in commodity exporting LICs, many of which have insufficient buffers to absorb the decline in commodity prices. Domestic political tensions or security issues are also weighing on growth in some of these countries.