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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9

Lions on the move: The progress and potential of African economies

Author: C. Roxburgh, N. Dorr, A. Leke, A. Tazi-Riffi, A. Van Wamelen, S. Lund, M. Chironga, T. Alatovik, C. Atkins, N. Terfous, T. Zeino-Mahmalat
Organisation: McKinsey Global Institute
Publish Date: 2010
Country: Africa
Sector: Economic
Method: Foresight
Type: Report
Language: English
Tags: Africa, Economic, Development

Africa's collective GDP, at $1.6 trillion in 2008, is now roughly equal to Brazil's or Russia's. While Africa's increased economic momentum is widely recognized, less known are its sources and likely staying power. Among the key findings:

Africa's growth acceleration was widespread, with 27 of its 30 largest economies expanding more rapidly after 2000. All sectors contributed, including resources, finance, retail, agriculture, transportation and telecommunications. Natural resources directly accounted for just 24 percent of the continent's GDP growth from 2000 through 2008. Key to Africa's growth surge were improved political and macroeconomic stability and microeconomic reforms.
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