Madagascar forges a new beginning.(forecast of gross domestic product)

Market Africa Mid-East | April 1, 2005 | Copyright

Is there any reason to believe why Madagascar - one of the poorest countries in the world - would be a candidate for a marketer to look at as an opportunity?

The short answer is 'No'. In spite of the fact that the International Monetary Fund (IMF) is forecasting GDP growth this year of 7.0 percent, and in spite of the fact that the right sectors (investment particularly) are developing nicely, most of the population lives in very fragile circumstances in a subsistence economy.

But the fact is that Madagascar is a place to keep in mind. This for two reasons: ...

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