Is Africa Still Rising?
Growth across Sub-Saharan Africa has weakened since 2015, and the poor outlook for commodity prices has cast doubt on the region’s economic promise, leading critics to conclude that Africa's economic heyday is over. Yet the gains that African economies have made are real, and will not be easily reversed.
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WASHINGTON, DC – Between 2000 and 2014, Africa grew at a strong clip, fueling belief in the narrative of an “Africa rising.” But, since 2015, growth across Sub-Saharan Africa has weakened, and the poor outlook for commodity prices has cast doubt on Africa’s economic promise, leading many to question the “Africa rising” narrative – and some to pronounce it dead.