Sub-Saharan Africa’s enormous demographic tailwind means the region will see the fastest GDP growth rates (4-5%) of any region between now and 2050. By the middle of the century, the region’s overall GDP will probably be larger than any single economy bar the US, China and India. But slow productivity gains will prevent the region from achieving the growth rates of 8%+ that the best-performing EMs have managed to attain at similar income levels. As a result, Africa won’t have the impact on the global economy that India’s will in the coming decades, let alone that China’s had in the 2000s and 2010s.
In view of the wider interest, we are also sending this Africa Focus to clients of our Long Run service.
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