The challenge this year is to convert a decade of faster growth into jobs and higher living standards as political tensions rise in the biggest economies
The International Monetary Fund’s projection that Sub-Saharan Africa’s gross domestic product growth should be over 6% in 2014, compared to average Asian growth of over 5%, is an important marker for the continent. Yet Africa’s growth picture is less cheery if North African economies are added: the deepening political crises in Egypt and Libya are holding back regional growth. Tunisia, where the Arab Awakening politics have been somewhat less traumatic than for its neighbours, is still struggling to recover its momentum. However, China, the world’s second biggest economy, is projected to grow by about 7.5% this year which should mean continuing strong demand for African commodity exports.
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