Africa Rebounds (kommer sig) From The Global Economic Crisis, Says UN
Africa’s economy expanded by 4,7 percent in 2010 and is expected to maintain similar growth over the next two years, according to a UN report released Tuesday.
“The World Economic Situation and Prospects 2011” report, released officially in the Ethiopian capital Addis Ababa, predicted Africa would post growth of 5 percent in 2011 and 5,1 percent next year, although it warned Africa would still see some pain from the ongoing global recession.
Falling exports and weak commodity prices slowed the continents growth to 2,3 percent in 2009, but improving global trade enabled Africa to rebound.
“Increased govern-ment spending on infrastructure, strong performance of the agricultural sector and new inflows of foreign invest-ments in extractive (udvindings) industries underpinned (understøttede) strong growth in domestic demand”, the report added.
However, the UN said the continent’s overall growth has “masked” (skjult) substantial disparities (forskelle) in economic performances by African countries.
The report, which categorized African countries’ economy into four major categories (accelerating, fast-growing, slow-growing and decelerating (indskrumpende) economies), advised all to continue diversifying (omlægge, sprede) their economy from being reliant on major commodity export and create more jobs and reduce poverty.
The report also stated that Official Development Assistance (ODA) to the region is estimated to have increased by nearly 4 percent in 2010 in real terms.
Yet, ODA flows continue to fall well short of the targets and commitments made by the international donor community.
Private capital flows to Africa have been growing steadily with the exception of the short-lived slump (nedgang) in the last part of 2008 and the early months of 2009.
Kilde: www.worldbank.org
