Africa and its Issues- Why Have We Ignored Africa? Message Board

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Strategies & Market Trends : Africa and its Issues- Why Have We Ignored Africa?

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From: TimF	11/15/2007 6:29:26 PM
	of 1267

Growth data fuel hopes of new era in Africa By Alec Russell in Johannesburg Published: November 15 2007 02:15 \| Last updated: November 15 2007 02:15 Economic growth rates in sub-Saharan Africa have over the past 10 years started to catch up with the rest of the developing world, the World Bank said on Wednesday in a survey reflecting cautious optimism in the markets about the continent’s business prospects. The report, Africa Development Indicators 2007, concluded that growth in the decade from 1995 contrasted strikingly with the “collapses” of the years between 1975 and 1985 and the “stagnations” of the next 10 years. “For the first time in three decades African economies are growing with the rest of the world,” the report said. “Average growth in the sub-Saharan economies was 5.4 per cent in 2005 and 2006. The consensus projection is 5.3 per cent for 2007 and 5.4 per cent for 2008.” The findings echo the conclusions of a recent report by the International Monetary Fund, which said that sub-Saharan Africa was benefiting from the strongest economic growth and lowest inflation in more than 30 years... ft.com

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