IMF cuts Madagascar 2015 growth forecast, says output may fall further

By Drazen Jorgic ANTANANARIVO (Reuters) - The International Monetary Fund said it had trimmed Madagascar's 2015 growth forecast to 3.5 percent from 5 percent, citing poor weather and falling commodity prices and warned output may be even lower due to a strike at state-owned Air Madagascar. Patrick Imam, the IMF's Madagascar country representative, told Reuters the economy of mineral-rich Madagascar had been badly hit by extreme weather, including cyclones and droughts, and a decline in