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Ebola to push Guinea, Sierra Leone into recession: World Bank
The report revised less dire growth forecasts made only in October, when officials optimistically thought the disease could be controlled by the end of the year. Liberia's economy is now projected to grow only about 2.2 percent this year, compared to 5.9 percent projected before the outbreak. More than half of people surveyed in the county say they are no longer working in their latest job, compared to 40 percent in October. The economy is now likely to bounce back with a 3.0 percent expansion next year, according to the report. In the first half of this year the economy grew at a 11.3 percent annual pace; in the second half it has contracted at a 2.8 percent rate. Averaged out, the country will achieve just 4.0 percent growth this year, and is expected to shrink 2.0 percent in 2015. Gross domestic product could lose $900 million fall next year, the report said. In Guinea, growth slowed from a 4.5 percent pre-Ebola pace to 0.5 percent in the second half, and the economy will likely contract 0.2 percent next year, according to the World Bank.

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