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An analysis of issues shaping Africa’s economic future

APRIL 2013 | VOLUME 7An analysis of issues shaping africa s economic futureu Sub-Saharan African countries maintain growth momentum, as well as progress toward the MDGsu Growth has reduced poverty, but not by enoughu Better governance of mineral revenues, high agricultural prices, the demographic dividend and rapid urbanization represent opportunities for making growth more poverty reducingAFRICA S PULSE TEAM:Punam Chuhan-Pole (Team Leader)Luc Christiaensen, Manka Angwafo, Mapi Buitano, Allen Dennis, Vijdan Korman, Aly Sanoh and Xiao YeWith contributions from Shanta Devarajan, Jos Verbeek and Eugenia MoranThis document was produced bythe Office of the Chief Economistfor the africa regionAFRICA S PULSE>2A. RECENT DEVELOPMENTS IN THE GLOBAL ECONOMY More than four years after the financial crisis hit, the global economic recovery remains tepid, weighed down by weak activity in high-income countries, particularly in the Euro Area.

AFRICA > 5 Notwithstanding the positive developments at the regional level, investment flows were held back due to political instability and regulatory uncertainty in

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