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Sub-Saharan Africa to grow 6 pct next year: IMF
By Joe Brock and Tim Cocks
ABUJA/LAGOS (Reuters) - Sub-Saharan Africa's economic growth is expected to increase to 6 percent in 2014, from 5 percent this year, supported by investment in infrastructure and production capacity, the International Monetary Fund said on Thursday.
The IMF had predicted in May that the region would grow 5.7 percent this year and 6.1 percent in 2014.
It said the slight downward revisions were due mainly to weaker global economic conditions, while budget delays in oil producer Angola and oil theft in Africa's top crude exporter Nigeria also hurt growth. . . .
'The strongest growth will be felt in mineral-exporting and low-income countries' . . .Yes, but if you start at the bottom and export lots of minerals, 6% is not phenomenal. All more propaganda from our globalist overlords. South Africa, 'Africa's top economy,' is obviously following Zimbabwe back down into the violent ignorant swamp. We hear such euphoric reports as countless Africans flee this economic dynamo. Welcome to Planet Orwell.
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