A record was chalked up in 2018 for international bond issues from sub-Saharan Africa, according to the World Bank. On the one hand, this is a good sign. It demonstrates investor appetite for African debt and the region’s increased ability to tap global financial markets and sources of capital.
According to the World Bank’s latest Africa’s Pulse report — a bi-annual look at African economic issues — the median of the continent’s debt-to-GDP ratio by 2012 was down to a manageable 24%. Since then, growth has slowed markedly, while debt has ballooned. By 2018, median public debt as a ratio of GDP had reached 53%. Meanwhile, growth has cooled. The World Bank estimates sub-Saharan growth was 2.3% in 2018, the fourth straight year that the population grew faster than the economy.
Part of the reason has been a failure — with some notable exceptions such as Ethiopia — to diversify meaningfully from an over-reliance on resources. When African growth rates were hot and debt was in decline, the value of exports from the region soared to $420-billion from $100-billion between 2000 and 2011. But that was largely the result of the commodity boom, with much of the underlying consumption fuelling that growth based on the income generated from resource exports.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Business Maverick: The spectre of stagflation is haunting South Africa and the alternative is also scarySouth Africa's economy does not have a lot in its favour at the moment. Relatively moderate inflation in recent years has been one of the few bright spots. Even this has been a mixed blessing as it partly stems from subdued demand. This could change soon, with price pressures unrelated to consumption building in the economy. Against the backdrop of anaemic growth and sky-high unemployment, this could unleash the spectre of stagflation. And if prices do remain subdued, it is only because of the dire state of the economy. No clear policy and leadership ! Just corruption from thieving, bent MYANC and CyrilRamaphosa who can’t stop it and won’t! MoodysAnalytics MoodysAnalytics WSJ business PIMCO FT Davos GoldmanSachs jpmorgan
Fuente: dailymaverick - 🏆 3. / 84 Leer más »
BUSINESS MAVERICK: The spectre of Stagflation is haunting South Africa and the alternative is also scarySouth Africa's economy does not have a lot in its favour at the moment. Relatively moderate inflation in recent years has been one of the few bright spots. Even this has been a mixed blessing as it partly stems from subdued demand. This could change soon, with price pressures unrelated to consumption building in the economy. Against the backdrop of anaemic growth and sky-high unemployment, this could unleash the spectre of stagflation. And if prices do remain subdued, it is only because of the dire state of the economy.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »
Business Maverick: Gold worth billions smuggled out of AfricaBillions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – Reuters analysis has found. David Lewis, Ryan McNeill and Zandi Shabalala report on the extraordinary and rising problem of gold smuggling out of Africa. It used to be called 'artisanal'. Now its big business.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »
Business Maverick: Banks Entice South African Millennials With Rap, Free FoodFrom free burgers and ride-hailing services to hip-hop concerts and discounted gasoline: South African banks are going all out to win customers as competition hots up.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »
Freedom Day in South Africa - a reminder of unfinished businessAs South Africa marks 25 years of freedom, many citizens have to contend with the harsh reality that they can't eat democracy. You cannot change the past, but you can change the future. Stop digging in the past otherwise this country will stay in the past As I’ve recently learnt the truth around the world is that first you need a liberator to set you free the you need freedom from your liberator... voteforchange ..And also can we talk about our successes?! GrowSouthAfrica GrowGauteng VoteANC
Fuente: eNCA - 🏆 49. / 51 Leer más »
Freedom Day in South Africa - a reminder of unfinished businessAs South Africa marks 25 years of freedom, many citizens have to contend with the harsh reality that they can't eat democracy. Only on FREEDOM day.... May 8 unfinished business ANC will be re-elected Freedom to employ Bell Pottinger
Fuente: eNCA - 🏆 49. / 51 Leer más »