The Bank’s flagship publication, published annually since 2003, provides headline numbers on Africa’s economic performance and outlook. This shift can help sustain and potentially accelerate future growth in Africa, increase the continent’s current and future productive base, while improving productivity of the workforce. Overall, the forecast described the continent’s growth fundamentals as improved, driven by a gradual shift toward investments and net exports, and away from private consumption. Essentially, inclusive growth — registering faster average consumption for the poor and lower inequality between different population segments — occurred in only 18 of 48 African countries with data. The African Economic Outlook provides compelling up-to-date evidence and analytics to inform and support African decision makers.

Source: Daily Observer February 03, 2020 02:15 UTC