The Lion Roars – Africa On The Move – To Grow 5.5% By IMF

This week the IMF published its World Economic Outlook. Quote: “Developing economies, particularly in sub-Saharan Africa, have also resumed fast and sustainable growth.” After last year’s 5.0% growth, sub-Saharan Africa is heading for 5.5% in 2011 and for 5.9% in 2012. Only China and India are doing better……The report continued , “Sub-Saharan Africa is weathering the  global crisis well, and its recovery is expected to be stronger than following past global downturns”

From this time last year, it is all progress in Africa, as per statistics.

IMF Regional Economic Outlook October 2010: “Perhaps one of the least noticed aspects of the global downturn has been the resilience of the sub-Saharan Africa region”.  World Bank concludes “that Africa could be on the brink of an economic takeoff, much like China was 30 years ago, and India 20 years ago.”