To see entire report click here
http://www.un.org/en/development/desa/policy/wesp/index.shtml
To see complete table click here
http://www.un.org/en/development/desa/policy/wesp/wesp_current/2012wesp_pr_africa_en.pdf
*
Press Release
African economies exceed expectations, although risks lie ahead
**
UN reports relatively strong though divergent growth performance on the
continent in 2011
**
Johannesburg/Addis Ababa, 17 January 2012:
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Africa’s economy continues its strong march towards recovery, defying the
global trend, says the United Nations economic report World Economic
Situation and Prospects 2012
(WESP). The continent is forecast to see an increase in its overall growth
from 2.7 per cent in 2011 to 5.0 per cent in 2012 and 5.1 per cent in 2013
(see table at the end of the release). This marks a pronounced recovery and
a return to the solid growth trend that emerged after the peak of the 2008
global economic crisis.
The report, launched today, says the important driving forces for this
trend will be relatively strong commodity prices, solid external capital
inflows and a continued expansion of demand and investment from Asia.
However, WESP continues, countries across the continent will continue to
have widely divergent growth outcomes owing to military
conflicts, lack of infrastructure, corruption and severe drought. In some
countries, these factors will severely depress growth and take a grave
humanitarian toll.
[image: GDP-report-2008-2013.JPG]
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Received on Fri Jan 20 2012 - 11:35:23 EST
