This African nation has the fastest growing economy in the world

On Tuesday the IMF released its World Economic Outlook, this is what it revealed about Africa and trade wars in charts.

By Charlie Robertson, Global Chief Economist, Renaissance Capital

What grabbed my attention is that Ghana is expected to be the fastest growing economy, not just in Africa (shown below) but in the world ! Up 8.8% (pipping South Sudan by 0.01% – I guess Ghana is more popular in DC).

Source: IMF, Renaissance Capital

And that Africa has 4 of the top 5 fastest growing economies in the world.  And to those who say, yeah but they’re poor, .. that did not help Africa take the top spots in the 1980s or 1990s.  Something’s changed ..

Source: IMF, Renaissance Capital

Given the global trade wars – I liked this chart too.  In terms of current account surpluses – China does not make the top 10.  Meanwhile the UK is the second worst in the world in $bn terms.  It’s a good thing we don’t have a political crisis that might jeopardise funding or anything like that. Ah yes –  EM rules don’t apply to the UK (yet).

There is talk that once Trump is done with China he will turn his trade war onto Germany .. and this chart offers support for that.

Source: IMF, Renaissance Capital


Partner Content

THE FUTURE JUST ARRIVED: THE ROLE OF BANKS IN A POST-COVID WORLD

THE COVID-19 GLOBAL pandemic has brought forward the future. It has brought about humanity’s biggest challenge in a century, to choose between...

Mauritius-Africa, a partnership for shared prosperity

By: Mathieu Mandeng In the current complex and challenging circumstances that are testing the...

VIRTUAL VDJ EXPOSES LOCAL CREATIVE AND ENTERTAINMENT INDUSTRY

The City of eThekwini pulled out all stops to give fans of the annual Vodacom Durban July (VDJ). The Virtual Vodacom Durban...

GAUTRAIN – Why It Matters

Economic growth continues to be one of the focus areas for the Gauteng Provincial Government (GPG) and the Gautrain responds to that...

Trending Now

Snap ! Kodak shares plunge after U.S. blocks $765 million loan deal

(Reuters) - Shares of Eastman Kodak Co (KODK.N) fell about 40% on Monday and were on track for their worst single-day decline...

COMMENT: How Africa should used data and digital to protect itself.

Health is an investment in a nation’s wellbeing and a vehicle for national value creation. Healthy girls and boys go to school, healthy women and men contribute to society, live longer and lead more productive lives. Healthy people are able to save financially, vaccinate their children and do not place added strain on a country’s health infrastructure. There is a direct benefit to investment in healthcare and unlocking economic growth. If only it was that simple.

Wall Street mixed with stimulus in focus; Dow hits over five-month high

All three indexes opened higher after U.S. President Donald Trump signed executive orders that partly restored enhanced unemployment benefits after talks between the White House and top Democrats in Congress about fresh stimulus broke down last week.

What’s Next For The U.S. Economy: Jeffery Sachs

Economist and best-selling author Jeffrey Sachs says a geopolitical Cold War with China would be a “dreadful mistake.” He explains how globalization will persist as societies and workplaces move online and urges policymakers to come together to t

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox

- Advertisement -