So, the International Monetary Fund is upbeat on the growth outlook for Sub-Saharan Africa. But its biannual outlook for the region flags some big bumps on the way – not least that it is increasingly vulnerable to external shocks. Here are five key points from the paper.
1 – “Africa rising” is on track
The region will account for 2.63 per cent of the global economy in 2014 (measured by purchasing power parity). While that might not sound like much, it will be the largest share it has taken for more than three decades. However, the region’s population accounts for 13 per cent of the global total, underscoring just how far there is to go.