The star is Ethiopia, which notched up 10.9 per cent growth in gross domestic product (GDP) in 2017, and is expected to enjoy 8.5 per cent this year. At the other end of the scale lie 12 countries, home to about a third of sub-Saharan Africa's population. IMF's Regional Economic Outlook for 2018 praised high-performing countries that have tackled entrenched macro-economic problems and encouraged investment. As a result, capital inflows in these economies have risen, and some countries have been able to build up their reserves. Nigeria experienced 0.8 per cent GDP growth in 2017, which should rise to 2.1 per cent this year.

Source: Standard Digital May 09, 2018 09:00 UTC