“(Ethiopia) has had a very high growth rate and I think that’s a result in large part of a very concentrated effort by the government to boost industrial production and manufacturing,” said Vijaya Ramachandran, an economist at the American think tank Center for Global Development (CGD).
Ivory Coast is expected to be the second fastest growing economy in the region at 7.4%. Rwanda’s estimated economic growth is 7.2%, and the West African country Senegal is projected to have 7% growth.
“They’ve updated it to 2.1%. However, they have emphasized the risks. The falling commodity prices and imbalances that are to arise because of the elections,” Bismarck Rewane, a Nigerian economist, told CNN.
South Africa’s predicted growth stands at 1.5%.
Growth across the whole region is forecast to average 3.4%, below the total world growth figure of 3.9%.
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