From Learning English, this is the Economics Report.
International economists say they are hopeful about Africas economy. They say economic growth on the continent will increase by as much as five or six percent over the next two years. That would be the continents highest growth rate since the worldwide economic recession in .
Economic experts say the growth is partly because governments have established policies inviting to foreign investors. They say increased trade among African nations is also growing the continents economy. And the experts say the growth is widespread. They made the observations in the African Economic Outlook report.
The African Development Bank, the United Nations Development Program and the OECD Development Center produced the report together. Angela Lusigi is a U. N. Development Program economist and policy adviser for Africa.
A lot of people think growth in Africa, they think the only driven by mineral wealth or oil-exporting countries, but we find now the report that even countries that are not resource rich are still growing effectively. This is mainly because of their agricultural sector but also growth in services [including tourism] and a little in manufacturing, said Lusigi.
The report says Africas top foreign trade partner is Europe. About 40 percent of African trade is with European nations. 25 percent is with Asian countries and about 12 percent is with North America.