Foreword

Africa’s recent impressive economic performance continued despite subdued global economic activity and is expected to accelerate further in the medium term. Africans are eager to see this growth sustained, accelerated and translated into new employment opportunities, secure incomes and improved livelihoods. But the growth so far has not been inclusive, and structural transformation on the continent remains limited. Africa’s commodity and investment-driven expansion has not created the jobs to meet the continent’s growing young population, and this growth path has left the continent vulnerable to external commodity prices, demand shocks and internal weaknesses.

Related Subject(s): Economic and Social Development