Six of ten economies forecast to grow the most in 2018 by the World Bank are in Africa. With 8.3% growth, Ghana will be in the top of the fastest growing economies in 2018, followed by Ethiopia, according to World Bank forecasts. Economic recovery continues throughout sub-Saharan Africa.

Ethiopia is experiencing a slowdown due in particular to the effects of drought and the effects of social unrest, which will still record a change in GDP of around 8.2%.

Behind these two African countries is India, with growth up 7.3%, narrowly ahead of another African country that has been growing for the last 6 years, Côte d’Ivoire. The latter will achieve a growth of about 7.2% down due to the unfavorable evolution of the price of cocoa, the country is my world’s largest producer and the impact of riots soldiers.

Côte d’Ivoire is just ahead of Djibouti (7.0%) whose economy benefits greatly from its geographical position, from its port which aims to become a regional hub and which is the main opening at sea of ​​the Ethiopian economy and positive impacts of the facilities of military bases of foreign powers (France, United States, China, etc.) on its territory.

Senegal and Tanzania are also among the top 10 of the world’s best economic growth rates, with GDP growth in 2018 of 6.9% and 6.8% respectively.

Overall, the 6 African Top 10 countries are not oil producers, except Ghana, which remains a modest producer. These countries have focused on agriculture and have embarked in recent years on investment programs in basic infrastructure.

 

Source : World Bank

Keywords : Africa, News, Economy, World Bank, GDP, Global growth

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