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Vol 65 No 9

Published 25th April 2024

Reformers reach a turning point

Finance ministers and IMF officials see a route out of the post-pandemic gloom but average per capita incomes are flatlining or shrinking

Africa's economies may be at a turning point should the 'right policy choices' be made according to the IMF's African Department Director Abebe Selassie. The IMF and the African Development Bank (AfDB) both forecast GDP growth at 3.8% in Africa this year although the two institutions define the states making up Africa differently.* Whichever formula is used, average incomes on the continent are barely growing in per capita terms (see accompanying graphs).

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