Sustaining Economic Growth and Development in Turbulent Times
Tracking Progress on Macroeconomic and Social Developments in the Eastern Africa Region 2011-12
IN THE AFTERMATH to the 2008-09 global economic crisis, African countries have benefited from the quick rebound in commodity prices, and their growth has been shored up by investments and trade with the emerging economies.
IN THE AFTERMATH to the 2008-09 global economic crisis, African countries have benefited from the quick rebound in commodity prices, and their growth has been shored up by investments and trade with the emerging economies. A significant reduction in the debt burden for many countries, together with greater inflows of private capital and better macroeconomic management in the 2000s, means that the prospects for many African countries are better than they have been since the 1970s (McKinsey, 2010, Mold, 2011, Raddlet, 2010). Over the course of 2011, most countries in the Eastern African region have been registering a strong growth performance.
