Public Management(Ecofin Agency) - Over the last year, Africa recorded a 3.4% growth, the African Development Bank (AfDB) indicated in the 2020 African Economic Outlook published yesterday. According to the report, “In 2019, for the first time in a decade, investment expenditure, rather than consumption, accounted for over 50% of GDP growth.” This figure is more than private consumption, which in recent years has accounted for a large share of GDP growth in African countries. At the sub-regional level, East Africa recorded the highest growth (5%), followed by North Africa (4.1%) and West Africa (3.7%). “Although stable, this rate (of growth in 2019, editor's note) is below the ten-year average of 5% for the region. It should be noted that for 2020, the Bank expects Africa’s growth to reach 3.9% and 4.1% in 2021.

Source: The North Africa Journal January 31, 2020 15:33 UTC