ECONOMIC OUTLOOK OF AFRICA FOR 2015 The general economic outlook for the continent looks positive. Economic growth in Africa is expected to accelerate to average of 4.7% in 2014 and 5% in 2015 . It is projected that the continent will have seven of the ten fastest growing economies over the period to 2015, outpacing the Asian region. Furthermore, Inflation is expected to decelerate from an average of 7.0 per cent in 2013 to 6.3 per cent by 2015 . However continuing trends in the global economy could pose some risks to our growth if not carefully managed. These include weaker growth in China, ongoing fiscal tightening in the Euro Area and the United States. Further, a number of domestic concerns such as high and volatile global food and fuel prices as well as socio-political unrest, protracted labor disputes and adverse weather conditions could also undermine growth in a few countries in the region.
Posted on: Wed, 12 Mar 2014 06:41:36 +0000
Trending Topics
Recently Viewed Topics
© 2015