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Ebola Pulls Sierra Leone Economic Growth Down To Single Digits

Ebola Pulls Sierra Leone Economic Growth Down To Single Digits

From Yahoo! Via AFP

Sierra Leone said Wednesday the Ebola crisis had devastated the economy, with growth projections pared back to single digits for the first time since the country’s mining boom started in 2011.

Finance Minister Kaifala Marah told reporters in the capital Freetown that growth had slowed to an annual rate of seven percent since the country registered its first cases in May.

“The Ebola outbreak has reduced the country’s economy from a projected 11.3 percent to seven percent as more money is continuously put into the fight,” he said.

Marah said growth had been hindered as the Ebola epidemic has forced businesses to close, airlines have started avoiding the country, prices have soared and revenue has dropped.

The tropical virus has claimed almost 2,300 lives since it emerged in southern Guinea at the start of the year, with more than 500 deaths in Sierra Leone.

“Technically we are in a blockade and we have found ourselves in a critical situation where we will have to keep government running,” Marah said.

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