LIONS ON THE MOVE: The progress and potential of African economies

Africa's collective economy grew very little during the last two decades of the 20th century. But sometime in the late 1990s, the continent began to stir. GDP growth picked up and then bounded ahead,rising faster and faster through 2008.Today,while Asia's tiger economies continue to expand rapidly,we foresee the potential rise of economic lions in Africa's future.
Africa's economic pulse has quickened, infusing the continent with a new commercial vibrancy. Real GDP rose 4.9 percent per year from 2000 through 2008, more than twice its pace in the 1980s and '90s. Telecom, banking, and retail are flourishing.Construction is booming. Foreign investment is surging.

To be sure, many of the 50-plus individual African economies face serious challenges, including poverty, disease, and high infant mortality.
  Source: McKinsey Global Institute                                                      Télécharger cet article au format Pdf