This year’s World Economic Situation and Prospects 2014 (WESP) Report has indicated that African economies will continue to grow in 2015 due to private investment and consumption which have been key drivers of gross domestic product (GDP) over the past years.
It said, of the five sub-regions in the continent, East Africa is expected to experience the fastest growth reaching 6.8 per cent in 2015 and 6.6 per cent in 2016.
The announcement came ahead of the 2015 edition of the United Nations report that will be launched on Thursday 22 January 2015 at the ECA Conference Center in Addis Ababa.
WESP is produced at the beginning of each year by the UN Department of Economic and Social Affairs, the UN Conference on Trade and Development, the five UN regional commissions (that include the Economic Commission for Africa) and the World Tourism Organization.
Read the full report here.
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