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African Economic Conference 2017
Overview
African countries entered the millennium with an impressive record of economic growth. Prior to the global financial and economic crisis, gross domestic product (GDP) grew on average at 5.7 per cent per annum during 2001-2008. In 2009, growth decelerated to 2.5 per cent as African economies were impacted by reduced demand for their exports, and lower investment and aid flows to the continent. However, effective macroeconomic management, increased diversified trade and investment with emerging countries, a growing middle class, increased domestic consumption, and intensified regional integration enabled African countries to weather the impacts of the global crisis and recover with an average GDP growth rate of 3.3 per cent per annum between 2010 and 2015. Read More
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Latest News
- 11/12/2017 - African Economic Conference: Should Africa be inspired by China’s industrial development?
- 11/12/2017 - Politicians must no longer manage Africa’s natural resources unilaterally, say experts
- 11/12/2017 - Fair trade with Europe should depend on quality African exports
- 11/12/2017 - Remittances can harness Africa’s development, researchers say
- 11/12/2017 - Closing Remarks by Adam Elhiraika, Director of Macroeconomic Policy Division, United Nations Economic Commission for Africa
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