Growth declines in Africa; Togo maintains its objectives

06/06/2011
Growth declines in Africa; Togo maintains its objectives

After picking up in 2010, Africa's growth was expected to slow down to 3.7% in 2011, within the scope of political events in North Africa and escalating food and oil prices, says a report from the OECD, ADB and the UN on Monday on the eve of the opening of the General Meetings in Lisbon of the African Development Bank which the Minister of Economy and Finance of Togo, Adji Otèth Ayassor is attending.
Growth should reach 3.7%, say the authors of the report, considering the great uncertainties surrounding the global economy and the repercussions in neighboring countries from the happenings in Libya and Ivory Coast.
In 2012, it should rebound to 5.8%, subject to a return to economic stability in these two countries, they added.
Recall that the growth rate of Togo was 3.7% in 2010 against 3.2% the previous year. IMF forecasts for 2011 predict a figure of around 3.9%.
 
 
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