Celestin Monga Archives - Jean-Jacques Cornish https://jjcornish.com/tag/celestin-monga/ The low down on African affairs Fri, 26 Jan 2018 22:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://i0.wp.com/jjcornish.com/wp-content/uploads/2020/05/cropped-Fountain_Pen_favicon-812.png?fit=32%2C32&ssl=1 Celestin Monga Archives - Jean-Jacques Cornish https://jjcornish.com/tag/celestin-monga/ 32 32 African Development Bank forecasts a third year of growth for the continent https://jjcornish.com/2018/01/african-development-bank-forecasts-a-third-year-of-growth-for-the-continent/ Fri, 26 Jan 2018 22:00:00 +0000 https://jjcornish.com/2018/01/african-development-bank-forecasts-a-third-year-of-growth-for-the-continent/ The African Economic Outlook presented at  Addis Ababa on the eve of the 30th AU summit says the continent’s economies have been resilient to negative shocks, but poor infrastructure is a serious impediment to inclusive growth. It puts African growth at 3,7% last year – up on 2016’s 2,4 percent and forecasts 4,1 percent for […]

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]]> The African Economic Outlook presented at  Addis Ababa on the eve of the 30th AU summit says the continent’s economies have been resilient to negative shocks, but poor infrastructure is a serious impediment to inclusive growth.
It puts African growth at 3,7% last year – up on 2016’s 2,4 percent and forecasts 4,1 percent for the year ahead.
The Economic Outlook  is the African Development Bank’s flagship analysis of the state of African economies.
The Bank’s Chief Economist and Vice-President for Economic Governance and Knowledge Management, Célestin Monga, says the report is presented now to give policy-makers enough time to reflect on the recommendations for economic planning and transformation.
Monga says growth was driven by improved global economic conditions, better macroeconomic management, recovery in commodity price, sustained domestic demand and improvements in agriculture production.

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