AGRICULTURE NEWS - There are a number of positive signs in the recently released African Development Bank’s (AfDB) 2020 African Economic Outlook on the future growth of African economies.

While the continent still has to grapple with deep inequality, high youth unemployment, and a disconnect between the skills required in the workplace and the type of education offered in schools and institutions of higher learning, signs of growth and reform are plentiful in many African countries, but not in South Africa.

As the report states, for the first time in a decade, investment expenditure, rather than consumption, accounted for more than half of GDP growth, which is a sign that investors are growing more confident about Africa’s future prospects.

On a continent-wide basis, average economic growth remained stable in 2019 at 3,4% and was on course to pick up to 3,9% in 2020 and 4,1% in 2021.

South Africa’s expected GDP growth rate for 2020 was currently at between 0,5% and 1%, with general consensus tending towards the lower end of the range. 

Read the full article here on the Caxton publication, Farmer's Weekly.