Africa Economics

Africa Chart Book

27 September, 2017

A Multispeed Recovery

GDP figures released this month showed that the economic fortunes of Africa’s largest economies diverged in Q2. South Africa’s economy rebounded after a brief recession at the turn of the year. While investment spending remained weak, strength elsewhere in the economy pushed headline GDP growth to a fourquarter high. In Nigeria, by contrast, growth disappointed in Q2. The economy did exit recession, but the very weak performance of the non-oil sector held back headline growth. Among Africa’s

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