Monday, September 2, 2013

African economies growing

It's good to hear that sub-Saharan African countries are growing economically at a healthy pace.  The International Monetary Fund (IMF) predicts growth of well over five percent for the region, with individual nations reaching growth rates of 6-8%.

The IMF projects economic growth in the next year for Nigeria at about 7%.  By way of comparison, America's economy is growing ~2% at this time (during the past century it grew by around 3% annually).

photo: coons.senate.gov

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