October 10, 2012

Africa Rising

Derek Reveron, New Atlanticist

AP Photo

The latest World Bank study describes the state of the global economy as "volatile, punctuated by natural disasters, large swings in investor sentiment, and periods of relative calm and improving prospects." Fiscal deficits, currency crises, and prospective wars in Iran and Syria weigh on both high-income countries and developing economies alike. China may be entering the middle-income trap as growth slows, while the Brazilian economy seems to have succumbed with modest growth forecast for this year.

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TAGGED: Africa

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