Written by Africa’s 3 deadly deficits: Education, electricity, and taxes
Excerpt:
In 2016, per capita income growth in sub-Saharan Africa turned negative for the first time in the 2000s. Thanks to the recovery of oil prices, the outlook since 2017 has been more optimistic. In its May 2018 Africa Regional Economic Outlook, the International Monetary Fund (IMF) projects that the region’s GDP growth would rise 3.4 percent in 2018, 0.6 percentage points higher than in 2017. Other forecasts are similar: The World Bank projects growth rates of 3.1 percent in 2018 and an average of 3.6 percent in 2019-20.
Indermit Gill and Kenan Karakülah
