African Economy

Did You Know?

In the past decade, Africa's economy grew at 5.7% annually. The International Monetary Fund's most recent projection is that Africa's economy will continue to grow this year by 5.4%, more than twice the anticipated growth rat

e of Brazil. For those who wonder if that is growth off a tiny base, it is not. Africa's formal economy is $1.9 trillion, slightly larger than India's, and about as big as Russia's. And, after two slow decades, it is now growing at over 5%.

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