Africa Sees Modest Economic Recovery But Lags Behind World
New reports from the World Bank and International Monetary Fund say that despite a modest economic recovery in sub-Saharan Africa, its pace is sluggish and the prospects of growth for 2017 and 2018 lag behind those in the world as a whole. The IMF report says while the global growth forecast for 2017 and 2018 is 3.6 percent and 3.7 percent respectively, in sub-Saharan Africa is it 2.6 percent in 2017 and 3.4 percent in 2018.
"Growth is expected to rise gradually, but barely above population growth" - IMF
Ambassador Robin Renee Sanders' new book on "The Rise of Africa's Small & Medium Size Enterprises" (SMEs) examines the dramatic shift in the development paradigm for Sub Saharan ... Read more »
Growth in Sub Saharan Africa rebounded strongly in 2010. GDP is estimated to have expanded by 4.7 percent, up from the 1.3 percent growth recorded in 2009 and just shy of its ... Read more »