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FOREWORD - National Treasury

FOREWORD The world economy suffered economic and political turbulences post 2009 global financial crisis. Economies have been on a recovery phase assisted by accommodative monetary and expansionary fiscal policies. The latest developments of the possible international trade reforms in United States of America raised uncertainties and crippled investor confidence. One of the most buoyant economies in the world, China has experienced decelerated growth rates, putting developing economies in a precarious situation, particularly the raw material exporting economies.

FOREWORD The world economy suffered economic and political turbulences post 2009 global financial crisis. Economies have been on a recovery phase assisted by

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