African Arts and Crafts

African Arts and Crafts Contact Africa’s economy to see another big growth spurt in 2019-20

Africa’s economy to see another big growth spurt in 2019-20



The African economy is expected to grow by 5.3 per cent in 2019, compared with 5.2 per cent growth last year, the World Bank said on Tuesday.

The bank said that Africa’s growth in the next decade is expected at 3.7 per cent, or 7.6 per cent of GDP.

The country’s gross domestic product is expected be around $2.4 trillion in 2019.

The report showed that the median household income in 2019 was $50,000, down from $56,000 in 2018.

The country’s labour force participation rate is at 78.9 per cent.

The region is expected see the fastest growth in 2019 and the fastest unemployment rate in the world at 11.5 per cent from 7 per cent last year.

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