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Ireland grew 4.1% in 2018. 26 out of 54 African countries had higher growth in 2017. Africa had an average growth of 4.34%, but Libia had 55% growth. Without Li
by qnsi 8y ago
Ireland grew 4.1% in 2018. 26 out of 54 African countries had higher growth in 2017. Africa had an average growth of 4.34%, but Libia had 55% growth. Without Libia, average growth was 3,38%.
This says little about the overall state, one should examine more years, also I am comparing 2018 to 2017 but I am too lazy.
Bearish on Africa
- beat 8y agoI'm looking at ten year averages from Global Finance magazine. Over ten years, Ireland is at 3.3%, and even that makes it an outlier among western nations (it's the highest ranked European country). By comparison, the US is at 1.4%, and most of Europe is around 1%. Libya is at -9.4% over the decade, largely due to the civil war there. Much of Africa is over 5% average for the decade (Kenya is 5%). Except for a few failed states like Libya and South Sudan, almost every country in Africa is above 2.5% growth over the past decade. I'm really bullish on Africa. The numbers support it.
- sanxiyn 8y agoEthiopia grew ~10% per year for >10 years. Very bullish on Ethiopia. Yes, I am agnostic about "Africa", that's too big a unit.