Tag Archives | global economy
According to the 8 April 2014 IMF World Economic Outlook (WEO) Press Briefing in Washington DC, Africa’s growth trend will continue strongly, but, warns Olivier Blanchard, IMF Economic Counselor and Director of Research Department, the continent’s economic and business environment will be “more bumpy looking forward”.
Wayne Jansen, global head of mining at KPMG, says that although the mining sector has been in survival mode in recent years, the growth starting to emerge in the global economy gives reason to hope that the situation is set to improve.
As supply chains are becoming more global and complex, logistics, especially the transport functions are equally becoming convoluted. In developing countries logistics is one of the biggest contributors to a nation’s GDP (in South Africa – 12.7%). Accordingly its management is vital for a growing economy.
In a world that is looking for alternative investment destinations, Africa is well-positioned as an emerging market and represents a wealth of opportunity for investment and growth. The world is eager to do business in Africa. However, in order for the continent to secure its place in the global economy, properly developed infrastructure that can support business development across the continent, needs to be established first. Infrastructure challenges are a deterrent to investment.