Gearing Up for Growth - Reducing Poverty Part One
In 2008 The African continent was seeing its strongest economic growth since the 1970s. 15 African countries entered a second decade in which they posted strong annual economic growth rate of above 5%. Despite strong economic performance, Sub-Saharan Africa remains the only region not on track for achieving the Millennium Development Goals by 2015. In 2009 recession has hit Sub-Saharan Africa, export demand is collapsing and commodity prices- in particular those of oil and base metals-under pressure, real GDP growth in numerous sub-Saharan African countries is likely to end up in negative territory.
Filed under: Business Article
Tags: business development, economic progress, growth opportunity, infrastructure, open projects, poverty, research
