Africa Growth Isn’t Meeting Needs of Young, Poor: Report
Monday, May 14, 2012
ADDIS ABABA, Ethiopia—Foreign investment and increasing exports are propelling high economic growth rates in Africa, but haven’t established enough jobs to substantially reduce poverty or meet the high expectations of the continent’s large number of youths and poor, according to an annual economic progress report released Friday at the World Economic Forum’s meeting here.
Seven out of 10 people in sub-Saharan Africa live in national economies that have averaged 4% growth during the past decade, a period during which investment from China, Brazil Russia, India and other developing nations diversified capital flows into the continent, according to the report, which …
