World Bank: Africa’s economy will outpace the global average. (Photo: www.africanbusinessreview.co.za)
In the next 20 years and beyond, several African nations could transmute to middle-income economies. In fact, fiscal projections by the African Development Bank show that both GDP and GDP per capita will increase steadily throughout Africa in the period 2010 to 2060 – a development which would see an end to extreme forms of poverty. The World Bank expects Africa’s economy to outpace the global average, while a statement by Standard Chartered Bank has predicted that Africa is most likely to become the next China by 2036.
