Fragility for Growth in African Economies

Aerc

Working Papers from African Economic Research Consortium

Abstract: Appropriately characterizing and addressing the drivers of fragility is central to reducing fragility of growth in African economies. This is fundamental to African countries realizing robust, resilient and inclusive growth. Although Africa weathered the 2008 global financial crisis fairly well, growth has not recovered appreciably. Growth in sub-Saharan Africa marginally improved from 2.4% in 2017 to 2.7% in 2018. According to the World Bank, growth is foreseen to have risen to 3.4 percent in 2010 and 3.7 percent in 2020-21 as reduced policy uncertainty helps support a cyclical rebound in large economies (Africa Foresight Report, 2019). Per capita income growth is expected to remain modest, aggravating sub-Saharan Africa's development challenges.

Date: 2019-03-21
Note: African Economic Research Consortium
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