As Africa's governments make efforts to drive their economies to the
path of recovery, lower oil and commodity prices, uncertain global
conditions, the Ebola outbreak in West Africa and domestic political
uncertainties could still block the return to the strong pre-crisis
growth levels, experts at African Economic Outlook (AEO) have said.
The AEO presents the current state of economic and social development
in Africa and projects the outlook for the continent. The AEO is a
product of collaborative work by three international partners: the
African Development Bank (AFDB), the OECD Development Centre and the
United Nations Development Programme (UNDP).
In a report made available to THISDAY, AEO said Africa's gross
domestic product (GDP) growth is expected to strengthen to 4.5 per cent
in 2015 and 5 per cent in 2016 after subdued expansion in 2013 (3.5per
cent) and 2014 (3.9per cent).
The 2014 growth, they pointed out, was about one percentage point
lower than expected as the global economy remained weaker and some
African countries saw severe domestic problems
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