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Vol 47 No 22

Published 3rd November 2006


Upbeat Statisticians

The world economy may be slowing, interest rates rising, commodity prices falling and political risks increasing but the International Monetary Fund's World Economic Outlook for 2007 predicts that Africa will continue to show its strongest sustained growth since the 1970s. This is down to storming commodity demand from Asia's super economies, China and India, and better economic policies in Africa, the IMF insists. Yet Africa's average economic growth still falls short of the 7% needed to cut poverty by 50% in 2015.

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