Business
Ghana has the fastest growing economy in the world
By Charlie Robertson
What grabbed my attention is that Ghana is expected to be the fastest growing economy, not just in Africa but in the world! Up 8.8 percent (pipping South Sudan by 0.01 percent).
Image/Courtesy of Source: IMF, Renaissance Capital
And that Africa has 4 of the top 5 fastest growing economies in the world. And to those who say, yeah but they’re poor, that did not help Africa take the top spots in the 1980s or 1990s.Something’s changed ..
Image/Courtesy of Source: IMF, Renaissance
Given the global trade wars – I liked this chart too. In terms of current account surpluses – China does not make the top 10. Meanwhile the UK is the 2nd worst in the world in billion dollar terms. It is a good thing we don’t have a political crisis that might jeopardize funding or anything like that.
There is talk that once Trump is done with China he will turn his trade war onto Germany, and this chart offers support for that.
Image/Courtesy of Source: IMF, Renaissance
Charlie Robertson is the Global Chief Economist at Renaissance Capital.
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