July 15, 2024
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16 June - African Economic Outlook 2014

Monday, 16 June 2014 00:00

African Economic OutlookThe latest African Economic Outlook released at the African Development Bank Group’s Annual Meetings shows that Africa has weathered internal and external shocks and is now in a position to achieve healthy economic growth rates. Produced annually by the AfDB, the OECD Development Centre and UNDP, this year’s report reveals that he continent’s growth is projected to accelerate to 4.8 % in 2014 and 5 to 6 % in 2015, levels which have not been seen since the global economic crisis of 2009. It also argues that by participating more effectively in the global production of goods and services, Africa can transform its economy and achieve a development breakthrough.  


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