The Economist African growth projection, Jan. 2011
Is there good economic news ahead for Africa? The IMF thinks there is a possibility:
The International Monetary Fund forecast on Wednesday a rosy outlook for Sub Saharan Africa growth in 2012 but warned of significant risks from global financial volatility that could subdue demand and private inflows into the world’s poorest continent.
Economies in the region are expected to post nearly 6 percent average economic growth in 2012, rising from above 5 percent this year, the IMF said, pointing to a better outlook than in advanced economies, which could experience a sharp slowdown due to global volatility.
Of course the growth will be uneven, but on the whole it’s pretty rare to see positive forecasts for the continent as a whole.
