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Africa outperforms global economy despite downward revisions

Published on January 04, 2016

Africa continues to outperform other world regions despite falling commodity prices and rising conflict in 2015, according to revised GDP figures forecasted by the International Monetary Fund (IMF) accessed via Analyse Africa. Africa’s economy is predicted to grow by 3.62 percent in real terms through 2015, significantly lower than the 4.17 predicted in the April edition but still above the global average of 3.12 per cent. Although growth figures have been revised downwards they remain relatively strong compared to other world regions, and second only to the Asia-Pacific region. Read more. Source | Standard Digital