World Bank: Africa’s economic growth to outpace average

Monday, April 15, 2013

Higher commodities, increasing investment and a general pick-up in the world economy should all boost the continent’s growth to more than 5%.

But the World Bank added that African governments had to do more to ensure that this growth reduced poverty. Global GDP was forecast to grow by an average of 2.4% this year.

Foreign direct investment is forecast to reach record levels in the coming years, hitting $54bn (£35.3bn)a year by 2015, the Bank said.

Source: BBC (link opens in a new window)

poverty alleviation, scale