IMF sees growth of 5.7 percent in sub-Saharan Africa in 2014
ACCRA (Reuters) - The IMF on Tuesday forecast economic growth of 5.4 percent in 2013 and 5.7 percent in 2014 for the economies of sub-Saharan Africa on the back of rising investment and booming extractive industries.
"Sub-Saharan Africa will be among the fastest growing places in the world ... second only to developing Asia," Antoinette Sayeh, director of the IMF's Africa department, told journalists in Ghana's capital Accra.
In April, the IMF forecast sub-Saharan Africa's growth at 5.6 percent this year and 6.1 percent in 2014 in its World Economic Outlook. The small discrepancy with the latest figures was because they stripped out volatile South Sudan, the IMF said.
(Reporting by Kwasi Kpodo and Matthew Bigg; Editing by Joe Bavier, John Stonestreet)
- Tweet this
- Share this
- Digg this
- Putin says Russia not isolated over Ukraine, blames West for frosty ties
- UK troops in largest armoured deployment in Eastern Europe for six years
- France's Sarkozy wants EU to lose half its powers
- India approves $2.6 billion mounted gun purchase - official
- Gasquet to face Federer in Davis Cup singles