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i tend to disagree. Africa has some countries with very good GDP growth over the past 20 years, higher than some developed countries (Japan) that are strugglin
by fatneckbeardz 4y ago
i tend to disagree. Africa has some countries with very good GDP growth over the past 20 years, higher than some developed countries (Japan) that are struggling with debt and demographic collapse.
- boeingUH60 4y agoPlease name some...I really want to have hope. Most times, the countries people name like Rwanda are definitely improving but still far behind on a global development scale. Sure, Japan is struggling, but Japan's struggles seem like paradise to the average African country's struggles.
- pepperonipizza 4y agoEthiopia was having a rapid growth before covid. I am not sure after covid and the war in Tigray how it's doing at the moment
- TapWaterBandit 4y agoBeen outstripped by population growth. The trajectory of Ethiopia is bleak again. No African country has ever done a "Japan" and come even close to catching up with the West. Hell, I don't think any has even been able to catch up with middle income countries. I am starting to doubt it can even be done.
- fatneckbeardz 4y agoGDP growth by percent, For 2021 Botswana - 12 Rwanda - 10 Ethiopia - 8.6 Kenya - 7.2 Burkina Faso - 6.9 Benin - 6.5 Zimbabwe - 6.3 South Sudan - 5.3 Uganda - 5.0 South Africa - 4.9 Compare: Japan - 1.6 USA - 5.6 Germany - 2.8 Korea - 4.0 Norway - 3.9 https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_growth_rate#List_(2013%E2%80%932021) https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_...
- mschuster91 4y ago> Africa has some countries with very good GDP growth over the past 20 years The key question is: just how much of that nominal growth ended up back at the population, and how much ended up in anonymous Swiss accounts or shell companies belonging to autocrats and their families/friends?
- fatneckbeardz 4y agoim not going to criticize other countries when in my own country the USA, the middle class has been shrinking for 40 years and life expectancy is actually going down. when i grew up it was rare to see a homeless person, now there are tent camps all across the city. and i live in a red state where almost every local and state wide office is run by republicans.
- knaekhoved 4y ago