Mercoledì, Maggio 29, 2024
Italian (Italy)English (United Kingdom)

Desiderio Consultants Ltd. è una think tank ed una rete di consulenti internazionali per lo sviluppo indipendenti costituita per promuovere ed influenzare politiche doganali e commerciali nei Paesi Africani, al fine di raggiungere riforme di facilitazione del commercio che favoriscano la crescita degli scambi commerciali a livello internazionale e regionale
Creativity, Commitment to Excellence, Results

African economy expected to grow at low pace in 2021

There are no translations available.

According to the latest UNCTAD Trade and Development report (2021), released on 15 September 2021, the estimated level of growth of the African continent is expected to reach only 3.2 per cent in 2021, while in 2020 it was 2.9 per cent.

Several countries, including Zimbabwe, South Sudan, Angola, Libya, Zambia, Nigeria, and Ethiopia, have faced in the last year a double-digit inflation, or even triple-digit in the case of Sudan, which compromised their economic growth.

Food prices have increased considerably, rising food insecurity, especially in commodity-importing developing countries and creating tensions, particularly in Central and West Africa.

The slow growth rate of African economy will be particularly critical for several large sub-Saharan African economies such as Angola, Nigeria, and South Africa that already since the middle of the last decade have been stuck in low growth trajectories.


View Danilo Desiderio's profile on LinkedIn


Copyright © 2011

Desiderio Consultants Ltd., 46, Rhapta Road, Westlands, Nairobi (KENYA)