The Minister of Finance and Development Planning (MOFDP) has attributed the massive decline in the economy to the reduction in the prices of Liberia's primary commodities of rubber and iron ore.
Minister Amara Konneh said the 41.2 percent decline in the price of rubber and 39.2 percent for iron ore came as the result of the economic slowdown in China and the appreciation of the United States dollar up to 2.5 percent.
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