Economic Growth In Africa Will Continue To Rise In The Next Two Years

- Jan 17, 2018-

   The Ministry of Commerce website quoted the Tanzanian mainstream media Citizen reported on January 10 that according to the World Bank's forecast, the economic growth rate in Africa will rise to 3.2% in 2018 and will continue to rise to 3.5% in 2019.

  The strong economic growth in Africa is mainly due to the rise of commodity prices and the increase of domestic demand.

  According to the latest data from the World Bank's Global Economic Outlook, it is expected that South Africa's growth in 2018 will rise to 1.1%.

  However, rising government debt highlights the urgency of fiscal adjustment, curbing fiscal deficits and maintaining financial stability. In addition, longstanding political and policy uncertainty can affect the region's attractiveness to foreign investment and lead to a reversal of capital flows .——