EQUATORIAL GUINEA: African economies to grow 3.4% this year.
31.05.2017-Malabo/ African economies, which registered an average growth in Gross Domestic Product (GDP) of 2.2% in 2016, will strengthen, with growth of 3.4% in 2017, and 4.3% in 2018, according to the annual report from the African Development Bank (AfDB).
This growth is boosted to a large extent by an increase in internal demand, and the performance of some countries.
Africa taken as a whole keeps second place among the fastest growing economies in the world, after South Asia.
An improvement in the supply conditions, and a favourable business environment, prudent macroeconomic management, favourable external financial currents, and the significant importance of public spending are elements which have contributed towards this improvement.
Equatorial Guinea's Press and Information Office.
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