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Friday, January 07, 2011

Just a little thought about Africa. Is it now really one of the world’s fastest-growing regions? Well, I doubt it

After reading this Economist's article, I don't believe that Africa is truly having a good economy outlook. I didn't mean to underestimate. But, seeing the fact in that continent, I doubt that the economy strength that Economist wrote, is a real thing. I think Africa economically is still vulnerable due to the fact that the unfinished conflicts are still going on there, for example, you name it .....Sudan, Ivory Coast, Nigeria, Egypt.....Of course, this is only my opinion which with anyone may disagree.If you wanna read the article, I copied it below. Enjoy and have a good nite! (cha)

for the original article click here
MUCH has been written about the rise of the BRICs
and Asia’s impressive economic performance. But an analysis by The Economist finds that over the ten years to 2010, six of the world’s ten fastest-growing economies were in sub-Saharan Africa. On IMF forecasts Africa will grab seven of the top ten places over the next five years (our ranking excludes countries with a population of less than 10m as well as Iraq and Afghanistan, which could both rebound strongly in the years ahead). Over the past decade the simple unweighted average of countries’ growth rates was virtually identical in Africa and Asia. Over the next five years Africa is likely to take the lead. In other words, the average African economy will outpace its Asian counterpart.


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