The Madagascar's economy has suffered but not collapsed since the beginning of the political crisis in early 2009. This resistance is viewed mainly as the combination of: 1) the modest rebound in private activities due to the quasi-absence of violence over the past few months; 2) the surge in informal activities pushed by the strong performance of the rural sector; and 3) official aid flows, still equivalent to 5 percent of Gross Domestic product...
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2010/07/15
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Madagascar economic update : why has the Malagasy economy not yet collapsed?
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