http://www.diatribune.com/african-economic-growth-and-oil Comments for "African economic growth and oil" en http://www.diatribune.com/african-economic-growth-and-oil <p>Previously posted on the <a href="http://blog.youngpeoplefor.org/">Young People For Blog</a>.</p> <p>The UN has reported that Africa's economic growth is increasing, slow and steady, but frail. They are predicting that the continent's economies will grow almost 6% in 2007. However the report states that if African countries are to continue to grow they will need to <a href="http://news.bbc.co.uk/2/hi/business/6522807.stm">diversify their economic output and invest more in infrastructure</a>. The top growing econmies include: Mauritania (19.8%), Angola (17.6%), and Mozambique (7.6%). The report points out that the economic growth rests on a very fragile base and there are still conflicts to face. The HIV/AIDS crisis has killed much of Africa's workforce. Countries need to open their borders to trade, invest in their infrastructure, and insulate themselves against external shocks. If these predicted growth percentage's come true in 2007 this will be the continent's fourth year of growth. Zimbabwe was the only economy to contract in the last year by 4.4%. </p> <p><a href="http://www.diatribune.com/african-economic-growth-and-oil">read more</a></p> http://www.diatribune.com/african-economic-growth-and-oil#comments Africa oil Wed, 11 Apr 2007 09:10:52 -0600 scoutbanana 604 at http://www.diatribune.com