Economic Growth in Africa

PBS Video from “Charlie Rose ”
Oct 14, 2008
Guest: Renowned Economist Martin Wolf
Discussion Topic: Global Economy present and forecast.

Mr. Wolf reports that Africa’s the most promising emerging market and in 2008 expect 6 1/2 % Growth.

Sub-Saharan outlook

Africa Growing Rapidly, But Faces Risks

By Calvin McDonald and Paulo Drummond
IMF African Department
February 28, 2008

• Sub-Saharan Africa better able to withstand external shocks
• So far, impact of global financial market turbulence on the region has been limited
• But lower global growth, higher oil prices, and ongoing conflicts would lower growth in 2008

The economic expansion looks set to continue in sub-Saharan Africa, although the slowing of the global economy could threaten the outlook in some countries.
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Regional Economic : Outlook Sub-Saharan Africa

IMF Sub-Saharan Africa Regional Economic Outlook Report   April 2007

“Sub-Saharan Africa’s growth performance during the past three years has been the best in more than three decades, and higher oil revenues and increased debt relief have been used to make progress toward the Millennium Development Goals (MDGs). Despite spending pressures, most countries have managed to preserve macroeconomic stability with policies intended to support and sustain the region’s higher growth. This latest REO is complemented by analyses on the macroeconomic challenges for oil producers, changing trade patterns, including with China, and the development of government debt markets.”