the ROME – beyond the fact that economic growth in Africa, it is not homogeneous in the 54 states that make up the continent, and is always unbalanced within individual nations, the dossier on the african economy, in general speak of growth, although growth is slower than expected”. The reasons are attributed to the moderate expansion of the “big five” of the continent – Algeria, Egypt, Morocco, Nigeria and south Africa – whose joint growth was an average rate of 3.1 percent, compared with the average of 4.0% for the rest of the continent.
There is about a conventional service on Africa and the Business – the monthly statement dedicated to the dynamics of development on the continent – in which is shown a relationship of Africa to African Economic Outlook (AEO) 2020, the economic report on the continent made each year by the African Development Bank (AfDB) since 2003, presented last week at the headquarters of the Bank in Abidjan. The conference yobit was attended by the former liberian president, Ellen Johnson Sirleaf, african ministers, diplomats, researchers and representatives of various international bodies.
Increase investment and productivity. in Spite of everything, therefore, Africa remains the second largest region of the planet’s fastest-growing and the forecast for the medium and long term are good, you act in the service of Afria and Business. The contrary forces are related mainly to factors external to the continent and due to the international context, in which Africa is increasingly integrating. In 2019, for the first time in a decade, the expenditure for investments, rather than consumption, which represented more than 50% of the growth of the GDP, “this shift can help to sustain and potentially accelerate future growth in Africa, to increase the current production base and the future of the continent, at the same time improving the productivity of the work force,” read the report.
The eastern states, the primacy of speed in growth. yobit of east Africa has maintained its primacy as the region’s fastest-growing continent, with average growth estimated at 5.0% in 2019; North Africa is the second fastest, at 4.1 percent, while growth in west Africa has risen to 3.7 percent in 2019, compared with 3.4 percent the previous year. Central Africa has grown by 3.2% in 2019, compared to 2.7% in 2018, while the growth of south Africa slowed down considerably during the same period, from 1.2% to 0.7%, dragged by the devastating cyclones Idai and Kenneth.
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