Breakfast Connect

African Economic Prospect 2017 - Both Grey and Bright Spots


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Africa achieved impressive economic growth over the past 15 years with the average gross real domestic product (GDP) rising from just above 2% during the 1980-90s to above 5% in 2001-14. In the past two years, growth has been more moderate; this trend is expected to continue in 2016, but strengthen in 2017. Bright spots remain, particularly in the East, Francophone and North African regions, where growth rates of 4% and above are still being achieved. Cote d’Ivoire, Senegal, Ethiopia, Kenya, Tanzania, Mozambique and Egypt are expected to sustain high growth rates over the next 5 years. This partly has to do with the major exports of many of these economies being less impacted by declining terms of trade.
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Breakfast ConnectBy Africa Business Radio