Summary
According to the IMF, Ivory Coast is Africa’s fastest growing economy. Its economy has benefited from government policies and structural reforms, which have resulted in strong inclusive growth. Following in second place is Tanzania, with projected growth of just under 7% this year. Senegal completes the top three, with 6.6%. The World Economic Forum on Africa 2016 will take place in Kigali, Rwanda from 11-13 May. It will highlight the need for diversification in order to ensure inclusive economic growth.
Opinion
I think Africa has improved dramatically in a few years. According to this article, compared with much of developed world, economic growth is relatively high in Africa, and GDP in many African countries is projected to grow by over 2% this year. I think a motive power of this Africa’s economic growth is abundant underground resources. I heard that there are much gold, silver, copper, nickel, rare earth in south Africa. By continuing this industry, Africa will be able to become developed countries. However, Africa still has a lot of problems, for example, starvation, penury, the commodities slump, currency devaluations, geo-security and so on. So, all governments of Africa should recognize such problems that African economies face. If the Fourth Industrial Revolution will happen in Africa, that will help growth of Africa.