Somalia's economy has grown modestly between 2013 and 2017, with real annual gross domestic product (GDP) growth averaging 2.5%, according to the new economic update.
The third Somalia Economic Update (SEU), Rapid Growth in Mobile Money: Stability or Vulnerability?, highlights several improvements in 2017, including the implementation of fiscal policy by the federal government. As recommended in the previous SEU, domestic revenue mobilization increased, budgets became more realistic, and execution of the budget improved.
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