African Economy | Econ

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Africa is often regarded as the world's poorest continent. Despite this, the African economy has been one of the fastest-growing in the world in recent decades. For instance, Ethiopia and Rwanda have experienced some of the swiftest expansions globally, averaging more than 7.5 per cent per year over the past two decades.

Nonetheless, the economic and social situation in most of sub-Saharan Africa remains fragile and susceptible to both domestic and external shocks. The region has a long journey ahead for development. Yet, the growth in Africa is becoming increasingly hard to ignore, as rapid economic and social changes position the continent for a more significant role in global affairs.
So, why are some African countries improving while others are not?

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#economy #africa #growth #poverty

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