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• Published on 20 May 2014 • Category : Africa • Tags : africa growth economy afdb
AfDB: African economic outlook positive; more jobs, stability needed to maintain levels Good news for Africa and the global economy: At its annual meeting Monday in Kigali, Rwanda, the African Development Bank (AfDB) reported that the continent’s economy will reach growth rates of 4.8 percent in 2014, with another $200 billion flowing in foreign investment. The bank’s analysis included forecasts for a 5.7 percent growth rate by 2015, which would match levels prior to the financial crisis in 2009. Sub-Saharan countries are forecast to fare best, with some, like Ethiopia, experiencing double-digit growth thanks to heavy investment fr(...)
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