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Africa's economies to grow 6.2% in 2008
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08:09, April 02, 2008

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The average growth of Africa's economies is expected to be 6.2 percent in 2008, up from 5.8 percent in 2007, according to a report issued here Tuesday by the Addis Ababa-based UN Economic Commission for Africa (ECA).

The report said key challenges to growth in 2008 include the risk of a sharper slowdown in the U.S. economy, a fall in global demand for commodities and high oil prices.

Political instability in some countries, inefficient public infrastructure, unreliable domestic energy supply as well as poor integration of regional transportation and energy networks continue to pose important constraints to Africa's growth, it said.

ECA said Africa's relatively high growth in the past few years has a very strong global background driven by a robust global demand for primary commodities.

Source:Xinhua



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