Liberia’s Economy Expands better

President Ellen Johnson-Sirleaf said Gross domestic product may expand about 9 percent after rising 7 percent last year. She said Inflation will probably slow to 4 percent to 5 percent from an average 7.5 percent last year. The Bloomberg quoted the president as saying that a growing economy and declining inflation mean that Liberians have more money to spend and the value of this money is retained. ArcelorMittal, OAO Severstal and Chevron Corp. invested in the mining, rubber and oil industries in Liberia. ArcelorMittal shipped the first iron ore from its operations in the country in September. (Bloomberg)