For the first time in a decade, the real income of individuals in sub-Saharan Africa is growing, mainly as a result of strong GDP growth, which was estimated at 3.5–4 percent in 1995. This is the highest growth the continent has achieved since 1990, according to a new World Bank report, Global Economic Prospects and the Developing Countries.1 Prospects for higher growth appear much stronger than ever before.
International Monetary Fund Copyright © 2010-2021. All Rights Reserved.