Monday, May 14, 2012
In its latest Regional Economic Outlook, the IMF forecast 5.4 percent growth this year from 5.1 percent in 2011. Its previous projections were 5.9 and 5.5 percent respectively.
Part of a rather downbeat assessment of African progress.
While the EU wallows in a the 5th year of a politically produced recession.
Wouldn't it be wonderful if we had political leadership that could hope to reach the heights of competence of Mugabe and co?
With Africa, not exactly renowned for good government, slightly bringing down the average 7% growth rate of humanity outwith the US/Europe does anybody doubt that we could easily reach that average, and with effort exceed China's 11% average if our parasitic governments wanted/ Can anybody give any credible reason whatsoever, other than our politicians why not?
HT Al Fin
My programme for growth far exceeding China's which nobody seriously disputes will work