African Economic Outlook 2020: Africa’s economy forecast to grow despite external shocks
By Emeka Anuforo, Communication and External Relations Department, African Development Bank Email: a.anuforo@afdb.org The slower than expected growth is partly due to the moderate expansion of the continent’s “big five” — Algeria, Egypt, Morocco, Nigeria, and South Africa ABIDJAN, Ivory Coast, January 30, 2020/ — For the first time in a decade, investment expenditure rather than consumption accounts for more than half of GDP growth; report calls for urgent investment in education and infrastructure for good returns in long-term GDP; “Youth unemployment must be given top priority. With 12 million graduates entering the labor market each year and...
